Pixela Corporation (TSE:6731) announced a private placement of 218,310 9th series warrants at ¥100 per warrant for gross proceeds of ¥21,831,000 on February 16, 2018. The transaction will include participation from returning investor Oak Capital Corporation, Investment Arm. The warrants are exercisable into 100 shares of the company at an exercise price of ¥142 per share from March 5, 2018 to March 4, 2020. The company expects to close the transaction on March 5, 2018. The company will issue securities through third party allotment method. The company will pay legal expenses of ¥2,700,000, registration fees of ¥11,000,000, warrant fair calculation expense of ¥3,000,000, and other expenses of ¥300,000 in the transaction. The company will receive net proceeds of ¥4,831,000 in the transaction. The transaction has been approved by the board of directors of the company.