MINATO HOLDINGS INC. (JASDAQ:6862) announced a private placement of 2,553,000 shares at ¥92 per share for proceeds of ¥234,876,000 and 1,229 4th series warrants at ¥723 per warrants for proceeds of ¥888,567 for aggregate gross proceeds of ¥235,764,567 on August 17, 2015. The shares and warrants will be issued through third party allotment method. The warrants are exercisable into 1,229,000 shares at ¥104 per share.

The shares will be issued new investor, FM7 Fund LP. The transaction will include participation from new investors, First Make No. 11 Fund LP for 605 warrants, Forside Co., Ltd. for 384 warrants, and 240 warrants to MT Capital LLC.

The transaction has been approved by the board of directors. The payment date of the transaction is September 2, 2015. FM7 Fund LP.

Will acquire 9.88% stake in the company through this transaction and after the exercise of the warrants it will be diluted to 9.43% stake. After exercise of the warrants, Forside Co., Ltd. will hold 1.42% stake and First Make No. 11 Fund LP will hold 2.24% stake in the company.