Shareholders’ claims to enjoin and invalidate stock acquisition rights, etc., issued through a third-party allotment
First written in FY2021-Q2. 1 of 2 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3MitigatedAnnual report
「The Ichinomiya Branch of the Nagoya District Court issued a decision on 24 December 2020 dismissing both this application and the application by the allottee on the grounds that neither had merit. / OASIS and the allottee will each withdraw all claims against the company described above once the company approves the allottee’s exercise requests for the stock acquisition rights and other instruments.」
The application for a provisional disposition and other proceedings concerning stock acquisition rights and other instruments issued through a private placement were dismissed on 24 December 2020. In addition, an out-of-court settlement was reached on 25 January 2021 concerning related damages claims and other litigation, addressing the litigation risk. - FY2021-Q2First statedAnnual report
「Regarding the issuance of stock acquisition rights and convertible bond-type bonds with stock acquisition rights through a private placement, as resolved by our Board of Directors at its meeting held on 20 December 2019, a shareholder applied for a provisional disposition seeking, among other relief, an injunction against the issuance of new shares through the exercise of the stock acquisition rights.」
Shareholder OASIS INVESTMENTS II MASTER FUND LTD. filed an application for a provisional disposition and initiated litigation seeking to invalidate the issuance of stock acquisition rights and other instruments through a private placement and to enjoin the issuance of new shares.