Path Corporation (TSE:3840) announced a private placement of 111,941 9th series warrants with returning investor Oak Capital Corporation, Investment Arm at ¥85 per warrant for gross proceeds of ¥9,514,985 on March 11, 2016. The warrants are prepaid and will be exercisable at ¥13,400 per share. The company will issue securities by third party allotment.

The warrants will be exercisable from March 28, 2016 to March 27, 2018. The transaction will close on March 28, 2016. The board of directors of the company approved the transaction.