Nuts Inc. (JASDAQ:7612) announced that it will receive ¥1,015,322,000 in a round of funding on October 17, 2016. The company will issue 13,880,000 common shares at ¥72 per share for gross proceeds of ¥999,360,000 to new investor Colombia LLC, 6,940,000 3rd series warrants at ¥1.15 per warrant for gross proceeds of ¥7,981,000, and 6,940,000 4th series warrants at ¥1.15 per warrant for gross proceeds of ¥7,981,000 in the transaction. The warrants will be issued to individual investor Takashi Hasegawa. Each warrant can be exercised into one common share of the company at an exercise price of ¥72 per share. The securities will be issued by way of third party allotment. The transaction will close on November 2, 2016. Pursuant to the transaction, Colombia LLC will acquire a stake of 23.09% in the company. The company will incur ¥14,000,000 issuance costs from the proceeds received from the issue of the shares, including registration expenses and judicial scrivener fees of ¥4,000,000, legal expenses and third party committee-related expenses of ¥5,000,000, recipient inspection expenses, Tokyo Stock Exchange listing fees and printing expenses, about ¥1,000,000, and advisory fees of about ¥4,000,000. The company will incur ¥7,000,000 issuance costs from the issue of the warrants, including registration and judicial scrivener fees assuming all warrants are exercised at the initial exercise price of about ¥4,000,000, recipient inspection fees, Tokyo Stock Exchange listing fees and printing expenses of about ¥1,000,000, and warrant issue price calculation expenses of about ¥2,000,000. The transaction has been approved by the board of directors of the company.