Ruden Holdings Co.,Ltd. (JASDAQ:1400) announced a private placement of 19,500 series 12 warrants at a price of ¥478 per warrant for the gross proceeds of ¥9,321,000 on May 22, 2019. The company will raise ¥1,025,271,000 from the exercise of warrant. The warrant will be convertible into 1,950,000 common shares. The warrant have the exercise price of ¥521 per warrant. The warrants are exercisable from June 10, 2019 to June 9, 2022. The transaction will include participation from Katsunari Ariga. The company will pay issue expenses of ¥8,200,000 for issuance and exercise of warrants, which include ¥3,500,000 for registration costs / attorney fees, ¥200,000 for expenses for investigation on the planned recipient, ¥2,500,000 for warrants appraisal, and ¥2,000,000 for securities registration statement preparation expenses. The transaction is approved by board of directors of the company. The transaction is expected to close on June 10, 2019.