Maruman & Co., Ltd. (JASDAQ:7834) announced a private placement of 1st series unsecured convertible bonds with warrants and 1st series warrants for gross proceeds of ¥203,306,960 with Dream No. 8 Investment LP on June 10, 2015. The company will issue 5,000,000 of 1st series unsecured convertible bonds for ¥200,000,000 with 40 units of warrants.

The bonds will have subscription rights to shares. The bonds will be convertible into shares at fixed conversion price of ¥204. The company will issue 45 units of 1st series warrants at ¥73,488 per warrant for gross proceeds of ¥3,306,960.

The exercise price of warrants will be ¥5,280,000. Warrant holders may exercise the warrants from June 29, 2015 to June 28, 2017. The company will incur various issuance costs with respect to the transaction.

The settlement date will be June 26, 2015. The transaction has been approved by board of directors of the company. The transaction will take place through third party allocation.