Ribomic Inc. (TSE:4591) announced a private placement of 118,000 warrants at a price of ¥150 per warrant for gross proceeds of ¥17,700,000 on January 10, 2020. The transaction will include participation from SMBC Nikko Securities Inc. The warrants will be issued through third party allotment. The transaction is expected to close on January 27, 2020. The transaction has been approved by the board of directors of the company. The initial exercise price is ¥479 per share.