CanBas Co., Ltd. (TSE:4575) announced a private placement of 5,586 15th stock acquisitions rights for gross proceeds of ¥4,284,462 and 49 3rd unsecured convertible bond with stock acquisition rights for gross proceeds of ¥749,994,000, for total gross proceeds of ¥754,278,462 on October 10, 2019. The transaction included participation from InfleXion No.IIV Fund L.P. All 3rd unsecured convertible bonds with stock acquisition rights will be convertible into 837,982 common shares at a price of ¥895. All 15th stock acquisition rights will be exercise into 558,600 common shares at a minimum exercise price of ¥716 and will receive proceeds of ¥504,231,462. Each bond bears an interest rate per annum. Each 15th stock acquisition rights and stock acquisition rights attached to bonds will be exercise at any time from October 31, 2019 to October 31, 2024. All securities in this transaction are issued through a third party allotment method. The transaction has been approved by the board of directors. The transaction is expected to closed on October 31, 2019.