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Share Issuance and Disposal278ATerra Drone CorporationElectrical Equipment and Precision Instruments

Notice Concerning the Exercise of the 23rd Series of Stock Acquisition Rights (Fixed Exercise Price)

The Representative Director exercised all 25 of the 23rd Stock Acquisition Rights, resulting in the issuance of 2,500 common shares. The total payment amounted to ¥21.025 million.

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Direction
Neutral
Direction inferred from the company’s description.
Scale
2500
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Exercise of the 23rd Stock Acquisition Rights with a fixed exercise price

Who receives how much

2,500 shares (25 Stock Acquisition Rights)

Representative Director Tokushige Toru (徳重徹), 2,500 shares (25 Stock Acquisition Rights)

The lower thin line represents the existing number of shares to which these shares will be added.

¥8,410 per share
Amount of funds to be raised

Total payment amount: ¥21,025,000; estimated net proceeds: Not disclosed

Terms of the stock acquisition rights
Exercise price
Initial exercise price: ¥8,410; no adjustment provisions (fixed exercise price)
Number of Stock Acquisition Rights
Total number issued: Not disclosed; all 25 outstanding, unexercised rights exercised
Offering structure
Underwriter / lead underwriter
Mizuho Securities (listed as a previous allottee)
Categories and Number of Persons Covered
1 Representative Director, 2,500 shares (25 Stock Acquisition Rights)
Intended allottee's holding policy
The allottee's intention to hold the shares on a long-term basis has been confirmed.
Most recent equity financing
23rd Stock Acquisition Rights (fixed exercise price) issued on 6 July 2026, Stage 1 18th Stock Acquisition Rights (variable exercise price) allocated to Mizuho Securities, as described in supplementary materials on financing disclosed on 15 June 2026
Details of issuance or disposal
ItemDetails
Type of issuance or disposalExercise of the 23rd Stock Acquisition Rights with a fixed exercise price
Number of shares to be issued or disposed of2,500 shares (25 Stock Acquisition Rights)
Issue price and disposal price¥8,410 per share
Amount of funds to be raisedTotal payment amount: ¥21,025,000; estimated net proceeds: Not disclosed
Intended allotteeRepresentative Director Tokushige Toru (徳重徹), 2,500 shares (25 Stock Acquisition Rights)
Intended allottee's holding policyThe allottee's intention to hold the shares on a long-term basis has been confirmed.
Exercise priceInitial exercise price: ¥8,410; no adjustment provisions (fixed exercise price)
Number of Stock Acquisition RightsTotal number issued: Not disclosed; all 25 outstanding, unexercised rights exercised
Categories and Number of Persons Covered1 Representative Director, 2,500 shares (25 Stock Acquisition Rights)
Underwriter / lead underwriterMizuho Securities (listed as a previous allottee)
Most recent equity financing23rd Stock Acquisition Rights (fixed exercise price) issued on 6 July 2026, Stage 1 18th Stock Acquisition Rights (variable exercise price) allocated to Mizuho Securities, as described in supplementary materials on financing disclosed on 15 June 2026
Items this document does not state (17)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationOverallotmentStock 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 rights were exercised following the completion of the exercise of the 18th Stock Acquisition Rights (variable exercise price) allocated to Mizuho Securities in Stage 1 of the materials disclosed on 15 June 2026. The Company has confirmed Tokushige Toru (徳重徹)'s intention to hold the exercised Stock Acquisition Rights on a long-term basis.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Exercise of the 23rd Series of Stock Acquisition Rights (Fixed Exercise Price) | Terra Drone Corporation (278A) timely disclosure | Komori