Ahkun Co., Ltd. (TSE:3927) announced a private placement to issue 10,490 11th stock acquisition right securities at issue price of ¥1,160 per stock acquisition right for gross proceeds of ¥12,168,400 on January 10, 2020. The transaction will include participation from new investor, Dream No. 10 Fund L.P. The transaction is expected to close on January 27, 2020. The transaction is through third party allotment. The stock acquisition right is convertible into 1,049,000 common stock of the company at an exercise price of ¥966 per share for gross proceeds of ¥1,013,334,000. The exercise period starts from January 27, 2020 and ends at January 26, 2023. The company incurred issuance costs of ¥23,450,010 in relation to the transaction which includes registration costs (including registration license tax) of ¥3,800,000, investigation costs for allottees of ¥400,000, attorney's fees of ¥400,000, stock acquisition right price calculation costs of ¥1,650,000, securities registration statement disclosure of ¥2,000,000, and ¥15,200,010 for for finance advisory. The transaction has been approved by the board of directors of the company.