Komori
Share Issuance and Disposal6997NIPPON CHEMI-CON CORPORATIONElectrical Equipment and Precision Instruments

Notice Concerning the Exercise by Class B Shareholders of Rights to Request the Acquisition of Class B Shares in Exchange for Common Shares

In response to the exercise of acquisition rights by Class B shareholders, the Company will acquire 729 Class B shares and deliver 800,197 common shares as consideration. As a result, the number of common shares will increase from 26,688,516 to 27,488,713.

Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
800197
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Delivery of common shares upon the exercise of rights to request acquisition of Class B shares in exchange for common shares

発行・処分する株式数

New shares 800,197 shares / Class B shares to be acquired and cancelled 729 shares

Intended allottee
Japan Industrial Solutions Fund III, L.P.
Existing Shares and Increase
—Rate of increase
26,688,516 shares27,488,713Shares

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.

Most recent equity financing
Issuance of class shares through a private placement and issuance of common shares through a private placement dated 10 October 2023 (this document does not provide details of the amount or number of shares), Completion of payment for the issuance of class shares through a private placement dated 27 December 2023 (this document does not provide details of the amount or number of shares)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDelivery of common shares upon the exercise of rights to request acquisition of Class B shares in exchange for common shares
Number of shares to be issued or disposed ofNew shares 800,197 shares / Class B shares to be acquired and cancelled 729 shares
Intended allotteeJapan Industrial Solutions Fund III, L.P.
Total number of issued shares26,688,516 shares (common shares) → 27,488,713 shares (common shares)
Most recent equity financingIssuance of class shares through a private placement and issuance of common shares through a private placement dated 10 October 2023 (this document does not provide details of the amount or number of shares), Completion of payment for the issuance of class shares through a private placement dated 27 December 2023 (this document does not provide details of the amount or number of shares)
Items this document does not state (23)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer 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 ConductMajor 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 Japan Industrial Solutions Fund III, L.P., the holder of the Class B shares, exercised its right to request the acquisition of part of its Class B shares in exchange for common shares.

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 Concerning the Exercise by Class B Shareholders of Rights to Request the Acquisition of Class B Shares in Exchange for Common Shares | NIPPON CHEMI-CON CORPORATION (6997) timely disclosure | Komori