GEONEXT Corporation (JASDAQ:3777) announced a private placement of 10,000,000 shares at ¥45 per share for ¥450,000,000 and 200,000 warrants at ¥100 per warrant for ¥20,000,000 for total gross proceeds of ¥490,000,000 on February 26, 2019. Each warrant is exercisable into 100 shares of the company at a fixed exercise price of ¥45 per share during a period of March 15, 2019 to March 14, 2021. The transaction will include participation from returning investor Fuhua Japan Co., Ltd. Post the transaction, the investor will hold 25.78% stake in the company. The payment date and allocation date of the shares and warrants is March 14, 2019. The company will incur various issue costs including registration fee of ¥4,995,000, securities registration statement creation fee of ¥500,000, planned recipient investigation expenses of ¥1,000,000, and warrants appraisal fee of ¥1,000,000.