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Share Issuance and Disposal3672AltPlus Holdings Inc.Information and Communications, Services and Others

Notice Regarding Changes to the Use of Proceeds from the 9th and 10th Stock Acquisition Rights and the 11th Stock Acquisition Rights with Exercise Price Adjustment Clauses and the 12th Stock Acquisition Rights, Issued through a Third-Party Allotment

The amounts by use and planned expenditure periods for funds raised through the 9th, 10th, 11th and 12th stock acquisition rights were reviewed. The changes were prompted by proceeds falling below the initial plan and changes to the plans for game development costs, M&A and the crypto asset business.

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Details of issuance or disposal

9th and 10th stock acquisition rights, and 11th stock acquisition rights with exercise price adjustment clauses and 12th stock acquisition rights, issued through a third-party allotment

発行・処分する株式数

All of the 9th and 10th stock acquisition rights had been exercised by 14 October 2026. Of the 11th stock acquisition rights, 151,880 units (15,188,000 shares) had been exercised, with 548,120 units remaining. Of the 12th stock acquisition rights, 380,000 units held by Ishii Takeshi (石井武) and Okazaki Taisuke (岡﨑太輔) are excluded from acquisition and cancellation, while 920,000 units held by G Future Fund 1 Investment Limited Partnership are subject to acquisition and cancellation.

Amount of funds to be raised

9th and 10th: ¥1,023 million including the issue price, and net proceeds of ¥1,006 million after deducting ¥16 million in issuance expenses. 11th and 12th: ¥638 million including the issue price, and net proceeds of ¥612 million after deducting ¥25 million in issuance expenses.

Estimated issuance expenses
9th and 10th: actual ¥16 million. 11th and 12th: actual ¥25 million.
Specific use of funds
Development and operating funds for new titlesAmount ¥967 million / Scheduled timing of expenditures December 2024 to September 2027
Funds for securing development personnelAmount ¥38 million / Scheduled timing of expenditures December 2024 to September 2027
M&A funding (株式会社オカザキホールディングス)Amount ¥612 million / Scheduled timing of expenditures January 2026 to September 2027
M&A funding (other)Amount ¥135 million (Note 2) / Scheduled timing of expenditures January 2026 to December 2030
Operating funds for the crypto asset business (new business)Amount ¥1,000 million (Notes 2 and 3) / Scheduled timing of expenditures January 2026 to December 2030
Terms of the stock acquisition rights
Exercise price
The exercise price of the 9th stock acquisition rights was adjusted from ¥15 to ¥14. The minimum exercise price of the 11th stock acquisition rights is ¥30. The exercise price of the 12th stock acquisition rights was revised from ¥54 to ¥30 on 10 July 2026 and is expected to be adjusted downward in connection with this financing.
Number of Stock Acquisition Rights
11th: 151,880 units exercised and 548,120 units remaining. 12th: 920,000 units held by G Future Fund 1 Investment Limited Partnership are subject to acquisition and cancellation, while 380,000 units held by Ishii Takeshi (石井武) and Okazaki Taisuke (岡﨑太輔) are excluded.
Reason for acquisition without consideration
The 548,120 remaining 11th stock acquisition rights and the 920,000 units of the 12th stock acquisition rights held by G Future Fund 1 Investment Limited Partnership will be acquired and cancelled.
Most recent equity financing
Timing 27 December 2024 / Type Issuance of the 9th and 10th stock acquisition rights / Amount Net proceeds of ¥1,006 million, Timing 26 December 2025 / Type Issuance of the 11th and 12th stock acquisition rights / Amount Net proceeds of ¥612 million
Impact on Business Performance
The matter is currently under review, and any matters requiring disclosure will be announced promptly.
Details of issuance or disposal
ItemDetails
Type of issuance or disposal9th and 10th stock acquisition rights, and 11th stock acquisition rights with exercise price adjustment clauses and 12th stock acquisition rights, issued through a third-party allotment
Number of shares to be issued or disposed ofAll of the 9th and 10th stock acquisition rights had been exercised by 14 October 2026. Of the 11th stock acquisition rights, 151,880 units (15,188,000 shares) had been exercised, with 548,120 units remaining. Of the 12th stock acquisition rights, 380,000 units held by Ishii Takeshi (石井武) and Okazaki Taisuke (岡﨑太輔) are excluded from acquisition and cancellation, while 920,000 units held by G Future Fund 1 Investment Limited Partnership are subject to acquisition and cancellation.
Amount of funds to be raised9th and 10th: ¥1,023 million including the issue price, and net proceeds of ¥1,006 million after deducting ¥16 million in issuance expenses. 11th and 12th: ¥638 million including the issue price, and net proceeds of ¥612 million after deducting ¥25 million in issuance expenses.
Estimated issuance expenses9th and 10th: actual ¥16 million. 11th and 12th: actual ¥25 million.
Specific use of fundsDetails Development and operating funds for new titles / Amount ¥967 million / Scheduled timing of expenditures December 2024 to September 2027, Details Funds for securing development personnel / Amount ¥38 million / Scheduled timing of expenditures December 2024 to September 2027, Details M&A funding (株式会社オカザキホールディングス) / Amount ¥612 million / Scheduled timing of expenditures January 2026 to September 2027, Details M&A funding (other) / Amount ¥135 million (Note 2) / Scheduled timing of expenditures January 2026 to December 2030, Details Operating funds for the crypto asset business (new business) / Amount ¥1,000 million (Notes 2 and 3) / Scheduled timing of expenditures January 2026 to December 2030
Exercise priceThe exercise price of the 9th stock acquisition rights was adjusted from ¥15 to ¥14. The minimum exercise price of the 11th stock acquisition rights is ¥30. The exercise price of the 12th stock acquisition rights was revised from ¥54 to ¥30 on 10 July 2026 and is expected to be adjusted downward in connection with this financing.
Number of Stock Acquisition Rights11th: 151,880 units exercised and 548,120 units remaining. 12th: 920,000 units held by G Future Fund 1 Investment Limited Partnership are subject to acquisition and cancellation, while 380,000 units held by Ishii Takeshi (石井武) and Okazaki Taisuke (岡﨑太輔) are excluded.
Reason for acquisition without considerationThe 548,120 remaining 11th stock acquisition rights and the 920,000 units of the 12th stock acquisition rights held by G Future Fund 1 Investment Limited Partnership will be acquired and cancelled.
Most recent equity financingTiming 27 December 2024 / Type Issuance of the 9th and 10th stock acquisition rights / Amount Net proceeds of ¥1,006 million, Timing 26 December 2025 / Type Issuance of the 11th and 12th stock acquisition rights / Amount Net proceeds of ¥612 million
Impact on Business PerformanceThe matter is currently under review, and any matters requiring disclosure will be announced promptly.
Items this document does not state (18)
Issue price and disposal priceTotal issue valuePayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodTransfer restriction periodConditions for lifting transfer restrictionsCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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.

For the 9th and 10th stock acquisition rights, the proceeds were finalized, and development and operating costs increased due to extensions to the development periods for game titles and the addition of new titles, while development personnel costs declined following a review of the hiring plan. For the 11th and 12th stock acquisition rights, exercise did not progress because the share price was frequently below the minimum exercise price of the 11th stock acquisition rights, so M&A funding and other items were reviewed to align them with the amount that could be raised.

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Notice Regarding Changes to the Use of Proceeds from the 9th and 10th Stock Acquisition Rights and the 11th Stock Acquisition Rights with Exercise Price Adjustment Clauses and the 12th Stock Acquisition Rights, Issued through a Third-Party Allotment | AltPlus Holdings Inc. (3672) timely disclosure | Komori