Techfirm Holdings Inc. (JASDAQ:3625) announced a private placement of 10,000 units of 8th series warrants at ¥2,210 per unit for gross proceeds of ¥22,100,000 on October 4, 2016. The company will issue 100 shares per unit. Each warrant will be exercisable at initial exercise price of ¥2,640 per share. The warrant exercise period will start from October 24, 2016 and will end on October 23, 2018. The transaction will include participation from Daiwa Securities Co., Ltd., Investment Arm. The transaction will take place through third party allocation. The transaction has been approved by the board of directors of the company. The allocation date is October 21, 2016. The company will incur issuance expenses including, total of legal and warrant evaluation expenses, and other office expense like securities registration statement creation expenses, trust bank commissions, etc. of ¥5,000,000. The company will receive net proceeds of ¥2,657,100,000 in the transaction including exercise of warrants.