Precision System Science Co., Ltd. (TSE:7707) announced a private placement of 2,000,000 series 16 warrants at a price of ¥1.56 per warrant for gross proceeds of ¥3,120,000, 1,300,000 series 17 warrants at a price of ¥1.13 per warrant for gross proceeds of ¥1,469,000, and 1,300,000 series 18 warrants at a price of ¥1.02 per warrant for gross proceeds of ¥1,326,000, total gross proceeds of ¥5,915,000 on August 27, 2018. The company 4,600,000 shares per one warrant. The company will exercise series 16 warrants at ¥402 per share, series 17 warrants at ¥406 per share, and series 18 warrants at ¥411 per share. The amount of assets to be contributed upon the exercise of warrants ¥1,866,100,000. The estimated amount of issue expenses is broken down to: ¥5,000,000 for warrants appraisal expenses, attorney fees, and registration statement data creation expenses, ¥6,815,000 for regional legal affairs bureau registration fee, and ¥1,500,000 for other expenses. The warrants exercise period is September 13, 2018 to September 13, 2021. The transaction has been approved by the board of directors.