クラスターテクノロジー announced a capital and business alliance with Seiko Epson. It will conduct a third-party allotment capital increase with Seiko Epson as the allottee and raise approximately ¥300 million. Seiko Epson is expected to hold approximately 14.91% of the voting rights after the allotment. The funds will be used for factory expansion and renovation, equipment upgrades and joint development.
クラスターテクノロジー entered into a capital and business alliance agreement with Seiko Epson on the 9th and announced a third-party allotment capital increase with Seiko Epson as the allottee. The allotment comprises 996,677 shares at ¥301 per share, raising approximately ¥300 million in total. The payment date is 27 October.
The proceeds are expected to be used for factory expansion and renovation, equipment upgrades and joint development. Seiko Epson is expected to hold approximately 14.91% of the voting rights after the allotment.
The purpose of the business alliance is to combine the strengths of the two companies and create new competitive advantages. Initiatives include strengthening the long-term, stable supply of components for Epson products and joint development using resin composite materials and molding technologies.