Dream Vision Co.,Ltd. (TSE:3185) announced a private placement of 2,650,000 7th warrants at a price of ¥5.11 per warrant for gross proceeds of ¥13,541,500 on March 30, 2018. The transaction will include participation from Evo Fund; a fund managed by Evolution Capital Management, LLC. The warrants are exercisable at an initial exercise price of ¥1,040 from April 17, 2018 until August 9, 2019. The company may pay issuance expenses of ¥18,000. The company issued warrants through the third party allotment. The transaction was approved by board of directors. The transaction is expected to complete on April 16, 2018.