J-Holdings Corp. (JASDAQ:2721) announced that it will issue 1,600,000 shares at a price of ¥295 per share for gross proceeds of ¥472,000,000 and 8,000 4th stock acquisition rights at a price of ¥419 per stock acquisition rights at a price of ¥3,352,000, for aggregate gross proceeds of ¥ 475,352,000 on September 30, 2020. The transaction will include participation from Earth Material Co., Ltd. for 550,000 shares and 2,750 stock acquisition rights, Estee Engineering Co., Ltd for 430,000 shares and 2,150 stock acquisition rights, individual investors Yuji Hamada for 520,000 shares and 2,600 stock acquisition rights, and Hiroshi Kawaguchi for 100,000 shares and 500 stock acquisition rights. The company will issue securities through third-party allotment method. Each 4th stock acquisition right is exercisable into 100 common shares at a price of ¥295 each and will received proceeds of ¥239,352,000. The exercise period for stock acquisition rights is from October 16, 2020 to October 14, 2022. The securities issued in the transaction is subject to transfer restriction. The transaction has been approved by the board of directors. The transaction is expected to close on October 16, 2020.