Outcome of Discussions with Bondholders Concerning the Occurrence of an Event Stipulated in the Financial Covenants for the Bonds
BPLATS,Inc.
First Series Unsecured Convertible Bonds with Stock Acquisition Rights
Related procedures
Discussions with bondholders and consent concerning the non-exercise of rights to demand early redemption
GP上場企業出資投資事業有限責任組合 (an investment limited partnership investing in listed companies) will not exercise its right to demand early redemption in connection with the breach of the financial covenants.
| Item | Details |
|---|---|
| Event name | Outcome of Discussions with Bondholders Concerning the Occurrence of an Event Stipulated in the Financial Covenants for the Bonds |
| Date of occurrence | The point at which consolidated net assets at the end of any fiscal year from the fiscal year ending March 2026 onward fell below 75% of the amount at the end of the immediately preceding fiscal year (specific date: Not disclosed) |
| Subject Entity | BPLATS,Inc. |
| Target Locations / Products | First Series Unsecured Convertible Bonds with Stock Acquisition Rights |
| Type of litigation or proceeding | Discussions with bondholders and consent concerning the non-exercise of rights to demand early redemption |
| Outlook | GP上場企業出資投資事業有限責任組合 (an investment limited partnership investing in listed companies) will not exercise its right to demand early redemption in connection with the breach of the financial covenants. |
Items this document does not state (19)
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.The matter was discussed in light of the company’s business partnership agreement with グロースパートナーズ株式会社, the company that manages and operates the bondholders’ interests, and the resulting provision of various forms of management support.