Kanmonkai Co., Ltd. (TSE:3372) announced that it will issue 213 10th stock acquisition rights at a rice of ¥15,000 per share for gross proceeds of ¥3,195,000 on December 8, 2020. The transaction will include participation from new investors, Milestone Capital Management Co., Ltd. for 90 rights, MIRAI Intellectual Property and Technology Research Center Co., Ltd. for 40 rights, D&W International Development Limited for 33 rights and returning investor, M&A Global Partners Co., Ltd. for 50 rights. Each stock acquisition right is exercisable into 10,000 shares at an initial exercise price of ¥287 per share or at a minimum exercise price of ¥144 from December 25, 2020 to December 24, 2022. The company is issuing securities through third party allotment. The transaction has been approved by board of directors of the company. The transaction is expected to close on December 24, 2020.