Datasection Inc. (TSE:3905) announced that it has entered into a purchase agreement for stock acquisition rights for a private placement of 12,000 13th stock acquisition rights at a price of ¥162 per right for proceeds of ¥1,944,000 and 12,000 14th stock acquisition rights at a price of ¥143 per right for proceeds of ¥1,716,000 for aggregate gross proceeds of ¥3,660,000 through third-party allotment on September 29, 2020. The transaction will include participation from returning investor Daiwa Securities Co., Ltd., Investment Arm. The stock acquisition rights are exercisable into a total of 2,400,000 shares which is equal to 100 shares per stock acquisition right. The initial exercise price of the 13th stock acquisition rights and 14th stock acquisition rights is ¥619 per right and ¥1,000 per right, respectively. The transaction has been approved in the board of directors meeting of the company and is subject to approval by the board of directors of the company. The stock acquisition rights are subject to restriction on transfer. The transaction is expected to close on October 15, 2020.