Tamagawa Holdings Co., Ltd. announced that it expects to receive ¥13.093822 million in funding
August 28, 2020
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Tamagawa Holdings Co., Ltd. (JASDAQ:6838) announced a private placement of 12,554 12th stock acquisition rights at an issue price of ¥1,043 per stock acquisition rights for gross proceeds of ¥13,093,822 on August 28, 2020. The company has purchase agreement with the investor. The transaction will involve participation from individual investor, Marilyn Hweetiang Tang. The stock acquisition rights are exercisable into approximately 1,255,400 common shares at an initial exercise price of ¥2,032 and will receive proceeds of ¥2,550,972,800 post exercise. The stock acquisition rights exercise period is from September 16, 2020 to September 15, 2023. The company has incurred issuance expenses of arrangement costs to Canter Fitzgerald Securities Co., Ltd. of ¥51,281, investigation cost to Crossborder Pte Ltd of ¥92,000, and other administrative expenses like change registration costs, etc. of ¥800,000. The transaction will take place through third party allocation. The transaction is expected to close on September 16, 2020. The transaction has been approved by the board of directors of the company.
TAMAGAWA HOLDINGS CO.,LTD. is a holding company primarily engaged in manufacturing and selling electronic and communication equipment. The Company operates in three business segments. The Electronic and Communication Equipment segment develops, manufactures and sells products including high frequency electronic components such as attenuators, splitters, couplers, switches and filters, optical related and electronic application equipment such as optical transmission equipment, frequency converters, amplifiers, frequency synthesizers, digital signal processing devices, video monitoring systems and various test devices. The Renewable Energy System Sales segment sells solar power plants, solar power modules, power conditioners, small wind power generators, and other auxiliary equipment as main products to operating companies and general consumers. The Renewable Energy Power Plant segment conducts business development and review of all renewable energy power plants.
TAMAGAWA HOLDINGS CO., LTD. 
