Remixpoint, Inc. (TSE:3825) announced a private placement of 239,520 series 12 stock acquisition rights at a price of ¥164 per stock acquisition right for the gross proceeds of ¥39,281,280 on January 21, 2020. The transaction will include participation from returning investor Revive Investment Partnership a fund managed by Sora Co., Ltd. The company will raise proceeds through third party allotment. The 12 stock acquisition rights will be exercisable into 23,952,000 shares at a rate of 100 shares per stock acquisition right for the gross proceeds of ¥3,999,984,000. The initial exercise price of 167 yen which will be adjusted to minimum exercise price if calculation of exercise price is less than ¥93. The series 12 stock acquisition rights will be exercised between February 6, 2020 to February 28, 2022. The company will pay ¥9,000,000 issue expenses for investigating relevance to antisocial forces, the costs of lawyers, the cost of calculating the valuation of stock acquisition rights, registration license tax, etc in the transaction. The transaction has been approved by the board of directors. The transaction is expected to close on February 6, 2020.