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Share Issuance and Disposal175AWill Smart Co.,LTD.Information and Communications, Services and Others

Notice Regarding the Adjustment of the Exercise Price of Stock Acquisition Rights (Stock Options)

The exercise prices of the previously issued 1st, 3rd, 4th and 5th Series Stock Acquisition Rights were reduced in connection with the issuance of new shares through a third-party allotment. The adjustment applies from 1 June 2026.

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Details of issuance or disposal

Adjustment of the exercise prices of Stock Acquisition Rights (Stock Options)

Terms of the stock acquisition rights
Exercise price
1st Series Stock Acquisition Rights: ¥898 before adjustment, ¥828 after adjustment. 3rd Series Stock Acquisition Rights: ¥1,194 before adjustment, ¥1,032 after adjustment. 4th Series Stock Acquisition Rights: ¥700 before adjustment, ¥692 after adjustment. 5th Series Stock Acquisition Rights: ¥700 before adjustment, ¥692 after adjustment. Whether an adjustment provision applies and the adjustment floor: Not disclosed
Most recent equity financing
Resolution dated 15 May 2026: issuance of new shares through a third-party allotment (subscription price: Not disclosed)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalAdjustment of the exercise prices of Stock Acquisition Rights (Stock Options)
Exercise price1st Series Stock Acquisition Rights: ¥898 before adjustment, ¥828 after adjustment. 3rd Series Stock Acquisition Rights: ¥1,194 before adjustment, ¥1,032 after adjustment. 4th Series Stock Acquisition Rights: ¥700 before adjustment, ¥692 after adjustment. 5th Series Stock Acquisition Rights: ¥700 before adjustment, ¥692 after adjustment. Whether an adjustment provision applies and the adjustment floor: Not disclosed
Most recent equity financingResolution dated 15 May 2026: issuance of new shares through a third-party allotment (subscription price: Not disclosed)
Items this document does not state (25)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offeringImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The subscription price for the new shares issued through the third-party allotment resolved on 15 May 2026 is below the exercise price of each series of Stock Acquisition Rights, triggering the exercise price adjustment formula.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Adjustment of the Exercise Price of Stock Acquisition Rights (Stock Options) | Will Smart Co.,LTD. (175A) timely disclosure | Komori