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Share Issuance and Disposal3823THE WHY HOW DO COMPANY,Inc.Information and Communications, Services and Others

Notice Regarding Completion of Payment for the Issuance of Series 16 Stock Acquisition Rights through a Third-Party Allotment (with Exercise Price Adjustment Clause) and Series 17 through Series 19 Stock Acquisition Rights

Payment of the total issue price for the 16th through 19th Series Stock Acquisition Rights resolved on 27 March 2026 was completed by the allottees, and the rights were issued as planned.

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Details of issuance or disposal

Issuance of the 16th Series Stock Acquisition Rights (with Exercise Price Adjustment Clause) and the 17th through 19th Series Stock Acquisition Rights by third-party allotment

Who receives how much

16th Series: 21,000,000 potential shares; 17th Series: 2,500,000 shares; 18th Series: 2,500,000 shares; 19th Series: 3,000,000 shares (total: 32,000,000 shares)

Long Corridor Alpha Opportunities Master Fund155,400 rights
MAP246 Segregated Portfolio, a segregated portfolio of LMA SPC16,800 rights
BEMAP Master Fund Ltd.37,800 rights
株式会社機山All of the 17th through 19th Series (total: 80,000 rights)

The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.

16th Series: ¥756,000 (¥3.6 per stock acquisition right); 17th Series: ¥49.9 per right; 18th Series: ¥48.5 per right; 19th Series: ¥46.9 per right
Total issue value

16th Series: ¥756,000; 17th through 19th Series: ¥3,867,000

Amount of funds to be raised
16th Series: ¥1,008,756,000; 17th through 19th Series: ¥410,367,000 (in each case, the total payment amount plus the exercise proceeds; estimated net proceeds: Not disclosed)
Terms of the stock acquisition rights
Exercise price
16th Series: initially ¥48. The exercise price will be revised to 90% of the TSE closing price on the revision reference date, with a minimum exercise price of ¥30 and no maximum. 17th Series: ¥48; 18th Series: ¥51; 19th Series: ¥53. The exercise prices for the 17th through 19th Series will not be revised, subject to adjustments for stock splits and other events.
Exercise period
16th Series: from 14 April 2026 through 13 April 2027. 17th through 19th Series: from 14 April 2026 through 13 April 2028
Number of Stock Acquisition Rights
Total issued: 210,000 rights for the 16th Series and 80,000 rights in total for the 17th through 19th Series. Remaining unexercised: Not disclosed
Payment date
13 April 2026
Details of issuance or disposal
ItemDetails
Type of issuance or disposalIssuance of the 16th Series Stock Acquisition Rights (with Exercise Price Adjustment Clause) and the 17th through 19th Series Stock Acquisition Rights by third-party allotment
Number of shares to be issued or disposed of16th Series: 21,000,000 potential shares; 17th Series: 2,500,000 shares; 18th Series: 2,500,000 shares; 19th Series: 3,000,000 shares (total: 32,000,000 shares)
Issue price and disposal price16th Series: ¥756,000 (¥3.6 per stock acquisition right); 17th Series: ¥49.9 per right; 18th Series: ¥48.5 per right; 19th Series: ¥46.9 per right
Total issue value16th Series: ¥756,000; 17th through 19th Series: ¥3,867,000
Amount of funds to be raised16th Series: ¥1,008,756,000; 17th through 19th Series: ¥410,367,000 (in each case, the total payment amount plus the exercise proceeds; estimated net proceeds: Not disclosed)
Payment date13 April 2026
Intended allotteeName Long Corridor Alpha Opportunities Master Fund / Number of units 155,400 rights, Name MAP246 Segregated Portfolio, a segregated portfolio of LMA SPC / Number of units 16,800 rights, Name BEMAP Master Fund Ltd. / Number of units 37,800 rights, Name 株式会社機山 / Number of units All of the 17th through 19th Series (total: 80,000 rights)
Exercise price16th Series: initially ¥48. The exercise price will be revised to 90% of the TSE closing price on the revision reference date, with a minimum exercise price of ¥30 and no maximum. 17th Series: ¥48; 18th Series: ¥51; 19th Series: ¥53. The exercise prices for the 17th through 19th Series will not be revised, subject to adjustments for stock splits and other events.
Exercise period16th Series: from 14 April 2026 through 13 April 2027. 17th through 19th Series: from 14 April 2026 through 13 April 2028
Number of Stock Acquisition RightsTotal issued: 210,000 rights for the 16th Series and 80,000 rights in total for the 17th through 19th Series. Remaining unexercised: Not disclosed
Items this document does not state (18)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor 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.

Because payment of the total issue price was completed on 13 April 2026.

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Notice Regarding Completion of Payment for the Issuance of Series 16 Stock Acquisition Rights through a Third-Party Allotment (with Exercise Price Adjustment Clause) and Series 17 through Series 19 Stock Acquisition Rights | THE WHY HOW DO COMPANY,Inc. (3823) timely disclosure | Komori