Nuts Inc. (JASDAQ:7612) announced that it will receive a round of funding on December 22, 2017. The company will issue unsecured bonds, and 14,500,000 5th series warrants at ¥0.95 per warrant for gross proceeds of ¥13,775,000 in the transaction. The warrants will be issued to Evo Fund, a fund managed by Evolution Capital Management, LLC. The company has signed a third party allocation agreement. Each warrant can be exercised into one common share of the company between the period of January 10, 2018 to July 5, 2018 at an exercise price of ¥177 per warrant. The transaction will close on January 9, 2018. Upon the exercisability of the warrants, the total amount of capital raise will be ¥2,566,500,000, out of which the company will incur ¥25,300,000 for issuance costs which includes ¥7,000,000 for the appraisal of warrants, attorney fees and expenses for data creation for the filing, ¥11,000,000 for regional legal affairs bureau registration, and ¥7,300,000 for other various expenses including judicial scrivener expenses, credit research expenses, etc.