Worth reading
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Direction inferred from the company’s description.Scale
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Conditional
How definitive the wording is.This transaction
This InvestmentCounterparty (target company)Hyperithm Arbitrage Fund Limited
Disclosing companyTORICO Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Arbitrage, algorithmic trading and automated trading, including crypto assets, through investment in Hyperithm Arbitrage Fund SP (master fund)
Impact on Business Performance
This change concerns the legal entity receiving the investment, and the investment terms have not changed. Accordingly, this change will have no effect on the company's performance.
Procedures and assumptions
Management structure after acquisitionThe management structure, including the adviser, investment manager, fund administrator and audit firm, has not changed.
| Item | Details |
|---|---|
| Transaction name | This Investment |
| Counterparty name | Hyperithm Arbitrage Fund Limited |
| Name of the Subject Company | Hyperithm Arbitrage Fund Limited |
| Business Description of the Subject Company | Arbitrage, algorithmic trading and automated trading, including crypto assets, through investment in Hyperithm Arbitrage Fund SP (master fund) |
| Impact on Business Performance | This change concerns the legal entity receiving the investment, and the investment terms have not changed. Accordingly, this change will have no effect on the company's performance. |
| Date of board resolution | 21 October 2026 |
| Contract Date | Scheduled for 22 October 2026 |
| Execution Date / Effective Date | Scheduled for October 2026 |
| Management structure after acquisition | The management structure, including the adviser, investment manager, fund administrator and audit firm, has not changed. |
Items this document does not state (23)
Location of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.Before the investment was executed, the fund underwent a corporate reorganisation to accept US investors, and its structure changed to a master-feeder structure. Accordingly, the company's investment target changed from the master fund to the feeder fund that invests in that fund.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.