Edia Co., Ltd. (TSE:3935) announced a private placement of 800,000 12th series warrants at ¥3.70 per warrant for gross proceeds of ¥2,960,000 on April 12, 2018. The transaction will include participation from returning investor Evo Fund, a fund managed by Evolution Capital Management, LLC. The company will issue 800,000 shares at ¥1,148 per share for ¥918,400,000. Each warrant unit is exercisable for 1 share. Each warrant is exercisable at ¥1,148 per share. The securities will be issued through third party allotment. The company will incur issuance expenses of ¥5,000,000 in the transaction. The company will receive net proceeds of ¥916,360,000 in the transaction. The transaction has been approved by board of directors of the company. The company expects to close the transaction on May 1, 2018.