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Share Issuance and Disposal278ATerra Drone CorporationElectrical Equipment and Precision Instruments

Notice Concerning a Stock Split, Partial Amendments to the Articles of Incorporation, and Adjustments to the Exercise Price and Other Terms of Stock Acquisition Rights

The Company will conduct a 2-for-1 stock split of its common shares effective 1 October 2026, increasing the total number of issued shares from 10,397,100 to 20,794,200. In conjunction with the split, the number of shares authorized for issuance under the Articles of Incorporation and the exercise prices and number of shares per existing stock acquisition right will also be adjusted.

Worth reading
38Recurring
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
2
2 shares for every 1 share
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Stock split (2 shares for each 1 share) and adjustments to the exercise prices and other terms of the stock acquisition rights in connection with the stock split

発行・処分する株式数10,397,100Shares

Number of shares to increase through the stock split: 10,397,100 shares

Existing Shares and Increase
+100.00%Rate of increase
10,397,100 shares20,794,200Shares

Not disclosed (shareholding percentages will remain unchanged because this is a stock split)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

Terms of the stock acquisition rights
Exercise price
Series 20 Stock Acquisition Rights: ¥15,000 before adjustment and ¥7,500 after adjustment (subject to an exercise price adjustment clause; the minimum exercise price may be adjusted to ¥3,750). Series 21 Stock Acquisition Rights: ¥20,000 before adjustment and ¥10,000 after adjustment (subject to an exercise price adjustment clause; the minimum exercise price may be adjusted to ¥5,000). Series 22 Stock Acquisition Rights: ¥30,000 before adjustment and ¥15,000 after adjustment (subject to an exercise price adjustment clause; the minimum exercise price may be adjusted to ¥7,500). The exercise prices of the other stock acquisition rights will be adjusted to one-half of the amounts shown in the respective tables.
Stock Split Ratio2 shares for every 1 share; effective date: 1 October 2026
Procedures under the Corporate Code of Conduct
Board of Directors resolution (26 August 2026)
Most recent equity financing
Issued on 6 July 2026: Series 18 through Series 22 Stock Acquisition Rights (with exercise price adjustment clauses) and Series 23 through Series 27 Stock Acquisition Rights
Details of issuance or disposal
ItemDetails
Type of issuance or disposalStock split (2 shares for each 1 share) and adjustments to the exercise prices and other terms of the stock acquisition rights in connection with the stock split
Number of shares to be issued or disposed ofNumber of shares to increase through the stock split: 10,397,100 shares
Dilution RateNot disclosed (shareholding percentages will remain unchanged because this is a stock split)
Total number of issued shares10,397,100 shares → 20,794,200 shares(100%)
Exercise priceSeries 20 Stock Acquisition Rights: ¥15,000 before adjustment and ¥7,500 after adjustment (subject to an exercise price adjustment clause; the minimum exercise price may be adjusted to ¥3,750). Series 21 Stock Acquisition Rights: ¥20,000 before adjustment and ¥10,000 after adjustment (subject to an exercise price adjustment clause; the minimum exercise price may be adjusted to ¥5,000). Series 22 Stock Acquisition Rights: ¥30,000 before adjustment and ¥15,000 after adjustment (subject to an exercise price adjustment clause; the minimum exercise price may be adjusted to ¥7,500). The exercise prices of the other stock acquisition rights will be adjusted to one-half of the amounts shown in the respective tables.
Stock Split Ratio2 shares for every 1 share; effective date: 1 October 2026
Procedures under the Corporate Code of ConductBoard of Directors resolution (26 August 2026)
Most recent equity financingIssued on 6 July 2026: Series 18 through Series 22 Stock Acquisition Rights (with exercise price adjustment clauses) and Series 23 through Series 27 Stock Acquisition Rights
Items this document does not state (20)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyBasis 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 underwriterOverallotmentMajor 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.

To lower the investment amount per unit, improve the liquidity of the Company's shares, and further broaden its investor base.

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 Concerning a Stock Split, Partial Amendments to the Articles of Incorporation, and Adjustments to the Exercise Price and Other Terms of Stock Acquisition Rights | Terra Drone Corporation (278A) timely disclosure | Komori