Worth reading
63In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
515000
Units (51,500,000 shares) remaining unexercisedWording
Avoiding a definitive answer
How definitive the wording is.Details of issuance or disposal
Resumption of exercise of the Ninth Series Stock Acquisition Rights issued through a third-party allotment (with provisions for adjustment of the exercise price)
Intended allottee
EVO FUND (allottee of the previously issued stock acquisition rights)
Specific use of funds
Investments to enable the company’s sustainable growth (specific details, amount and planned spending period: not disclosed)
Terms of the stock acquisition rights
Exercise price
Only the fact that the rights include provisions for adjustment of the exercise price and that the stock price is near the minimum exercise price is disclosed. The amount and minimum adjustment price are not disclosed.
Number of Stock Acquisition Rights
Total number issued: not disclosed; 515,000 warrants (51,500,000 shares) remaining unexercised
Offering structure
Underwriter / lead underwriter
EVOLUTION JAPAN証券株式会社 (recipient of the notice of resumption of exercise)
Most recent equity financing
The issuance period and amount of the Ninth Series Stock Acquisition Rights are not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Resumption of exercise of the Ninth Series Stock Acquisition Rights issued through a third-party allotment (with provisions for adjustment of the exercise price) |
| Specific use of funds | Investments to enable the company’s sustainable growth (specific details, amount and planned spending period: not disclosed) |
| Intended allottee | EVO FUND (allottee of the previously issued stock acquisition rights) |
| Exercise price | Only the fact that the rights include provisions for adjustment of the exercise price and that the stock price is near the minimum exercise price is disclosed. The amount and minimum adjustment price are not disclosed. |
| Number of Stock Acquisition Rights | Total number issued: not disclosed; 515,000 warrants (51,500,000 shares) remaining unexercised |
| Underwriter / lead underwriter | EVOLUTION JAPAN証券株式会社 (recipient of the notice of resumption of exercise) |
| Most recent equity financing | The issuance period and amount of the Ninth Series Stock Acquisition Rights are not disclosed. |
Items this document does not state (21)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal 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.After comprehensively considering the stock price trend following the suspension of exercise, the urgency of the financing, the early redemption of the Third Series Unsecured Corporate Bonds and the application of funds to working capital, and after discussions with EVO FUND, the company determined that financing through exercise could be resumed, although the stock price remains near the minimum exercise price. The funds raised are scheduled to be allocated to investments that will support sustainable growth.
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.