Notice regarding the 9th acquisition and cancellation of share subscription rights, new shares and type-A preferred stock issued through third-party allocation, the 11th and 12th share subscription rights, and partial amendment of articles of incorporation

Overview of capital policy

This capital policy centers on the issuance of 72,000,000 new shares, 190,000 + 355,000 share subscription rights, and 10,000,000 type-A preferred shares through a third-party allocation. Allotments are to be made to Net Price, Yotsuya Digital Innovators, GAD, EVO FUND, etc., with consideration paid via in-kind contributions. The financing amount is expected to be about 2,652 million yen from the exercise of share subscription rights, to be used for working capital, debt repayments, and funds for business restructuring. Because issuance entails large-scale share dilution, approval by special resolution at the extraordinary general meeting is a precondition.

Outlook and risks

This scheme aims to improve financial health and secure funds for business restructuring; in the short term, shareholder value dilution is unavoidable. On the other hand, the funding is intended to support expansion of new businesses including Bitcoin-related ventures, with the goal of long-term corporate value enhancement. If approval at the extraordinary general meeting is not obtained, alternative plans will be considered.