CellSeed Inc. (JASDAQ:7776) announced a private placement of 2,200,000, 16th series warrants at ¥6 per warrant with Third-Party investor, Evolution Biotech Fund, a fund managed by Evolution Capital Management, LLC for the gross proceeds JPY 6,600,000 on March 6, 2017. The warrants will be issued through third party allotment method. Each warrant is exercisable into 2,200,000 common shares of the company at a price of ¥ 501 per share. The allotment date of the transaction is March 6, 2017. The warrants will be exercisable from March 7, 2017 to August 7, 2018.