Tamagawa Holdings Co., Ltd. (JASDAQ:6838) announced a private placement of 10,600 series 9th warrants at a price of ¥310 per warrant for gross proceeds of ¥3,286,000 on January 25, 2019. The transaction will include participation from new investors Yukio Kawagoe for 5,100 warrants, Perman Yadi for 400 warrants, and existing investor Marilyn Tang for 5,100 warrants. The warrants are convertible into 1,060,000 common shares of the company at an exercise price of ¥626 per share. The company expects to close the transaction on February 15, 2019. The transaction has been approved by the board of directors of the company. The warrants are exercisable from February 19, 2019 to February 18, 2022. The number of outstanding shares of the company is 44,046,000 and the number of potential shares in the current conversion price is 829,000 shares which represents 1.88% of the number of outstanding shares to be issued. The company will incur ¥7,600,000 as expenses on issue of shares.