Aval Data Corporation
Notice Regarding the Conclusion of a Share Exchange Agreement between Avall Data Inc. and Technomass Mathematical, Inc. (Simplified Share Exchange)
AvAll Data approves a simplified share exchange making Technomass Mathematical a wholly owned subsidiary. Consideration is 690 yen in cash per Technomass Mathematical share, with a plan to delist and a derivative-like arrangement, approved after fairness assessment by an independent committee. Effective date is December 3, 2026, with delisting scheduled for October 1, 2026.
Key Figures
- 690 yen: Consideration for this share exchange (per share)
- Market price method range: 302 yen ～ 374 yen
- DCF method range: 667 yen ～ 824 yen
AI要約
Key points of this share exchange
AvAll Data has entered into a share exchange agreement making Technomass Mathematical a wholly owned subsidiary. The consideration is paid in cash at 690 yen to acquire the issued shares of Technomass Mathematical. Since Technomass Mathematical does not meet listing maintenance criteria, delisting is planned for October 1, 2026, even in connection with the share exchange. To ensure fairness, an independent third-party appraisal report, a special committee's recommendation, and independent legal and financial advisers have been established.
Impact on shareholders and investors and outlook
By providing a cash realization opportunity for shareholders, liquidity is preserved. Although funding options may be constrained by delisting, funding is expected to be secured by AvAll Data Group's finances. The future impact on performance is currently uncertain, but as a consolidated effect, synergies are anticipated to support AvAll Data's growth strategy.
AvAll Data Ltd.
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