CellSeed Inc. (JASDAQ:7776) announced a private placement of 35,000, 19th stock acquisition rights at ¥108 per warrant for gross proceeds of ¥3,780,000 on July 21, 2020. The transaction will involve participation from Barclays Bank PLC, Investment Arm. The application period for warrants is August 30, 2019. The warrants will be exercisable into 3,500,000 common shares of the company at an initial exercise price of ¥372 per share, revisable. The minimum exercise price of warrants is ¥186 per share. The warrants will be exercisable from August 7, 2020 to August 6, 2021. The company will receive a total of ¥1,295,780,000 through issue and exercise of warrants. The company will issue securities through third-party allotment. The transaction has been approved by board of directors of the company.