Hottolink, Inc. announced that it expects to receive ¥18.35 million in funding from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm
February 25, 2018
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Hottolink, Inc. (TSE:3680) announced a private placement of 24,461 series 19 warrants at a price of ¥750 per warrant for gross proceeds of ¥18,345,750 on February 26, 2018. Each warrant is convertible into 100 shares at a minimum exercise price of ¥487 per share from March 15, 2018 to March 16, 2020. The initial exercise price is ¥695 per share. The transaction will include participation from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm. The transaction will take place through third party allotment. The company will pay issue expenses of ¥6,022,568. The transaction is expected to close on March 14, 2018.
Hotto Link Inc. is engaged in the provision of cloud service (social cloud service business) to support the use of social big data. The Company operates through two business segments. The Software as a Service (SaaS) segment provides e-mining, Review @ manager series. The Solution segment is engaged in the data sales, provision of analytic engines, and sale of Illustrated Chinese trend Express. In Other segment, the main products are data center usage fee and service usage fee for ringing and ringing tone.
HOTTOLINK, INC. 
