Terrasky Co., Ltd. (TSE:3915) announced a private placement 6,000 4th series warrants at a price of ¥1,914 per warrant for gross proceeds of ¥11,484,000 on April 13, 2018. Each warrant is exercisable into 100 shares at ¥1,914 per share. The transaction will include participation from Daiwa Securities Co., Ltd., Investment Arm. The securities will be issued through third party allotment. The warrants can be exercised from May 10, 2018 to May 10, 2021. The company will incur issuance expenses of ¥9,000,000 in the transaction. The company will receive net proceeds of ¥2,438,484,000 in the transaction. The transaction is expected to be completed by May 9, 2018. The transaction has been approved by board of directors of the company.