ITbook Holdings Co., Ltd. (TSE:1447) announced that it will issue 30,000 3rd Stock Acquisition Rights for the gross proceeds of ¥1,810,350,000 on December 16, 2020. Each Stock Acquisition Rights can be converted to 100 common shares. The minimum exercise price for the Stock Acquisition Rights is ¥421 and initial exercise price is ¥601 per share. The number of potential shares for the Stock Acquisition Rights is 3,000,000. The securities will be issued on third party allotment to Morgan Stanley MUFG Securities Co., Ltd. The transaction is expected to close on January 4, 2021. The company will pay ¥7,200,000 as issuance expense in the transaction.