Okamoto Glass Co., Ltd. (JASDAQ:7746) announced a private placement of 30,000 8th series prepaid warrants at ¥108 per warrant to SMBC Nikko Securities Inc., Investment Arm for gross proceeds of ¥3,240,000 on July 16, 2015. The warrants will be exercisable at ¥308 per warrant from August 5, 2015 to August 31, 2017. The transaction will close on August 4, 2015.

On exercise of warrants the company will issue 3,000,000 shares. The issuance of warrant will be done through third party allotment. The board of directors approved the transaction.