HENNGE received approval to transfer to the TSE Prime Market, and also announced a new share issue and share offering. The relevant date will be one of the dates from 20 to 22 October.
HENNGE, whose core business is the cloud security service HENNGE One, announced after the close of trading last Friday that its transfer to the TSE Prime Market had been approved. The relevant date will be one of 20–22 October, and the company also announced a new share issue and share offering.
According to this article, HENNGE expects the move to the Prime Market to expand its institutional investor base, improve liquidity and raise its profile. It also states that, in the short term, changes in supply and demand could affect the share price. The news was reproduced from content distributed by FISCO.
The announcement was based on information distributed on 5 October and disclosed the implementation of a new share issue and share offering alongside the move to the Prime Market. Further information and developments in formal disclosure will be closely watched.