Image Information Inc. (JASDAQ:3803) announced a private placement 3,500 series 1 warrants units at a price of ¥845 per unit with Mamori Yonaga for gross proceeds of ¥2,957,500 on February 27, 2018. Each warrant unit is exercisable into 350,000 shares at a price of ¥860 per share. The securities will be issued through third party allotment. The warrants can be exercised from March 15, 2018 to March 13, 2020. The company will incur issuance expenses for ¥900,000. The transaction is expected to be completed by March 15, 2018.