Synclayer Inc announced a private placement of 9,100 first stock acquisition rights at a price of ¥573 per stock acquisition right for gross proceeds of ¥5,214,300 on August 19, 2021. The transaction will include participation from SMBC Nikko Securities Inc., Investment Arm. The initial exercise price of stock acquisition right is ¥1,180 and the minimum exercise price is ¥590. There is no maximum strike price. The company will issue 910,000 common shares pursuant to the exercise of the stock acquisition rights. The company will issue the securities through third-party allocation. The transaction is expected to close on September 6, 2021. The transaction has been approved by the board of directors of the company.