Mobcast Holdings Inc. (TSE:3664) announced a private placement of 75,000 series 33 warrants at a price of ¥44 per warrant for proceeds of ¥3,300,000 on May 21, 2021. The transaction will involve participation from returning investor SBI Securities Co., Ltd., Investment Arm. The warrants are exercisable into 7,500,000 common shares at an initial exercise price of ¥126 per warrant and will receive proceeds of ¥934,300,000 post exercise. The warrant exercise period is from June 8, 2021 to June 7, 2023. The transaction will take place through third-party allocation. The transaction is expected to close on March 25, 2020. The transaction has been approved at the board of directors of the company.