Akatsuki Financial Group, Inc. (TSE:8737) announced a private placement of 100,007 common shares and 371,373 treasury shares at ¥1,485 per share for gross proceeds of ¥699,999,300 on December 17, 2013. The shares will be subscribed by Prospect Japan Fund Ltd., a fund managed by Prospect Asset Management, Inc. by third-party allotment. The transaction will close on January 8, 2014.

On January 8, 2014, Akatsuki Financial Group, Inc. closed the transaction.