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Share Issuance and Disposal3624AXEL MARK INC.Information and Communications, Services and Others

Notice Regarding Completion of Payment for the Issuance of New Shares Through a Third-Party Allotment

Payment for the issuance of 45,000,000 new shares through a third-party allotment to Convano Inc. has been completed. Accordingly, the company has completed its financing, with total issue proceeds of ¥900 million and estimated net proceeds of ¥867 million.

Worth reading
72In focus
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
900000000
¥
Wording
Avoiding a definitive answer
How definitive the wording is.

Details of issuance or disposal

Issuance of new shares by third-party allotment

Who receives how much45,000,000Shares

45,000,000 common shares (new shares)

Convano Inc., 45,000,000 shares

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

¥20 per share
Total issue value

¥900,000,000

Amount of funds to be raised
Total payment amount: ¥900,000,000; estimated net proceeds: ¥867,000,000
Estimated issuance expenses
¥33,000,000
Payment date
2 July 2026
Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 2 July 2026, all proposals required to implement this third-party allotment were approved and adopted
Impact on Business Performance
The specific impact on consolidated full-year results for the fiscal year ending September 2026 is difficult to reasonably calculate at this time, as it will depend on the progress of the business and the timing and details of individual M&A transactions
Details of issuance or disposal
ItemDetails
Type of issuance or disposalIssuance of new shares by third-party allotment
Number of shares to be issued or disposed of45,000,000 common shares (new shares)
Issue price and disposal price¥20 per share
Total issue value¥900,000,000
Amount of funds to be raisedTotal payment amount: ¥900,000,000; estimated net proceeds: ¥867,000,000
Estimated issuance expenses¥33,000,000
Payment date2 July 2026
Intended allotteeConvano Inc., 45,000,000 shares
Procedures under the Corporate Code of ConductAt the extraordinary general meeting of shareholders held on 2 July 2026, all proposals required to implement this third-party allotment were approved and adopted
Impact on Business PerformanceThe specific impact on consolidated full-year results for the fiscal year ending September 2026 is difficult to reasonably calculate at this time, as it will depend on the progress of the business and the timing and details of individual M&A transactions
Items this document does not state (18)
Specific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise 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 RatioMost recent equity financingMajor shareholders after the offering

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 secure the financial foundation and business support structure needed to pursue the company’s growth strategy with business support from Convano Inc., which will become its new parent company and controlling shareholder. The company aims to comply with the listing maintenance criteria, resolve the material uncertainty regarding the going-concern assumption, and achieve positive consolidated operating income, consolidated ordinary income, and net income attributable to owners of the parent for the fiscal year ending September 2027.

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 Regarding Completion of Payment for the Issuance of New Shares Through a Third-Party Allotment | AXEL MARK INC. (3624) timely disclosure | Komori