NF Corporation (JASDAQ:6864) announced a private placement of 7,400 series 2 warrants at a price of for ¥947 per warrants for gross proceeds ¥7,007,800 on September 27, 2018. The warrants issuable in the transaction are exercisable into 740,000 common shares of the company respectively at a maximum price of ¥1,353 per warrant. The company will issue the securities pursuant to third party allotment to SMBC Nikko Securities Inc., Investment Arm. The exercise period of the warrants will be from October 16, 2018 to October 29, 2021. The company will pay ¥6,000,000 as issue expenses including attorney fees and appraisal expenses.