Kubota Pharmaceutical Holdings Co., Ltd. (TSE:4596) announced a private placement of 90,000 25th stock acquisition rights at a price of ¥51 per stock acquisition right for gross proceeds of ¥4,590,000 through third-party allotment, on June 26, 2020. The transaction will include participation from Barclays Bank PLC, Investment Arm. The stock acquisition rights are exercisable into 9,000,000 shares which is equal to 100 shares per stock acquisition right at an initial exercise price of ¥393 per share. The stock acquisition rights can be exercised from July 14, 2020 to July 13, 2022. The transaction has been approved in the Board of Directors meeting of the company. The transaction is expected to close on July 13, 2020.