I-Freek Mobile Inc. (JASDAQ:3845) announced a private placement of 2,000 units of 16th stock acquisition rights through third party allotment at an issue price of ¥2,000 for gross proceeds of ¥4,000,000 on October 12, 2020. The transaction will include participation from returning investor VASDAQ Capital Co., Ltd. for 500 units, Dream No. 10 Investment Limited Partnership for 400 units, individual investors Koichi Nagata for 800 units, and Yoshihisa Kuroda for 300 units. Each stock acquisition right is exercisable into common shares at a price of ¥144 each. The transaction has been approved by the board of directors and is expected to close on October 28, 2020.