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Share Issuance and Disposal4883Modalis Therapeutics CorporationPharmaceuticals

Notice Regarding Completion of Exercise of the 17th Stock Acquisition Rights (with Exercise Price Adjustment Provisions) Issued through Third-Party Allotment and Monthly Exercise Status

The exercise in April 2026 of the 17th Series Stock Acquisition Rights allotted to EVO FUND resulted in the delivery of 3,780,000 shares, completing the exercise of all 192,000 rights. The number of unexercised stock acquisition rights is now 0.

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Details of issuance or disposal

Exercise status report for the 17th Series Stock Acquisition Rights issued through a third-party allotment with exercise price adjustment clauses

発行・処分する株式数

3,780,000 new shares; 0 treasury shares transferred

Intended allottee
EVO FUND (allottee of the previously issued stock acquisition rights)
Existing Shares and Increase
+4.90%Rate of increase
92,354,098 shares96,134,098Shares

4.9% (exercise ratio subject to the exercise restrictions; the shares exercised in this transaction represent approximately 4.1% of the number of issued shares)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

Terms of the stock acquisition rights
Exercise price
Subject to exercise price adjustment clauses. The exercise price in April 2026 was ¥53.0–¥59.0 per share, depending on the exercise date; details of the adjustment clauses and the floor price were not disclosed.
Number of Stock Acquisition Rights
Total issued: 192,000 rights; unexercised balance: 0 rights
Procedures under the Corporate Code of Conduct
Describes compliance with the exercise restrictions under Article 434 of the Listing Regulations. The number of shares delivered across all series was 3,780,000, the number of listed shares as of the payment date for the issuance was 76,933,798, and the exercise ratio subject to the exercise restrictions was 4.9%.
Most recent equity financing
25 August 2025: Issuance of the 17th Series Stock Acquisition Rights with exercise price adjustment clauses, with EVO FUND as the allottee. Amount: not disclosed
Details of issuance or disposal
ItemDetails
Type of issuance or disposalExercise status report for the 17th Series Stock Acquisition Rights issued through a third-party allotment with exercise price adjustment clauses
Number of shares to be issued or disposed of3,780,000 new shares; 0 treasury shares transferred
Intended allotteeEVO FUND (allottee of the previously issued stock acquisition rights)
Dilution Rate4.9% (exercise ratio subject to the exercise restrictions; the shares exercised in this transaction represent approximately 4.1% of the number of issued shares)
Total number of issued shares92,354,098 shares (as of the end of the month preceding the subject month) → 96,134,098 shares (calculated after exercise)
Exercise priceSubject to exercise price adjustment clauses. The exercise price in April 2026 was ¥53.0–¥59.0 per share, depending on the exercise date; details of the adjustment clauses and the floor price were not disclosed.
Number of Stock Acquisition RightsTotal issued: 192,000 rights; unexercised balance: 0 rights
Procedures under the Corporate Code of ConductDescribes compliance with the exercise restrictions under Article 434 of the Listing Regulations. The number of shares delivered across all series was 3,780,000, the number of listed shares as of the payment date for the issuance was 76,933,798, and the exercise ratio subject to the exercise restrictions was 4.9%.
Most recent equity financing25 August 2025: Issuance of the 17th Series Stock Acquisition Rights with exercise price adjustment clauses, with EVO FUND as the allottee. Amount: not disclosed
Items this document does not state (19)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyBasis 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 CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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.

To report the monthly exercise status for April 2026 and the completion of exercise of all of these stock acquisition rights.

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.
Notice Regarding Completion of Exercise of the 17th Stock Acquisition Rights (with Exercise Price Adjustment Provisions) Issued through Third-Party Allotment and Monthly Exercise Status | Modalis Therapeutics Corporation (4883) timely disclosure | Komori