PKSHA Technology Inc.
Notice of Absorption-type Merger for 2 Consolidated Subsidiaries
Resolved to absorb PKSHA Associates and PKSHA Infinity, both consolidated subsidiaries of PKSHA Technology, with effect on January 1, 2027. Surviving entity: PKSHA Technology; disappearing entities: the two subsidiaries. Consideration will be provided to PKSHA Infinity in the form of stock warrants (PKSHA Technology shares 100.83 per PKSHA Infinity share), with no new share issuance. A total of 7,864 shares will be allotted, subject to shareholder meeting approval at a later date. The financial impact of this merger is expected to be minor.
Key Figures
- Post-merger, capital of the surviving company is unknown
- Total shares allocated in connection with this merger: 7,864 shares
- Stock issuance ratio: 100.83 PKSHA Technology shares per 1 PKSHA Infinity share
AI要約
Purpose and structure of the merger
This merger has PKSHA Technology as the surviving company and PKSHA Associates and PKSHA Infinity as disappearing companies, aiming to maximize management resources and accelerate decision-making. PKSHA Associates will remain a wholly owned subsidiary, and PKSHA Infinity will receive stock issuance as consideration to the surviving company.
Allocation, consideration, and schedule
Minority shareholders of PKSHA Infinity will receive 100.83 PKSHA Technology shares for each PKSHA Infinity share at the time of merger. There are no newly issued shares; allocations will be made using treasury shares. The Board of Directors resolution date and signing date are planned for September 17, 2026; the shareholder meeting resolution date for December 22, 2026; and the effective date (closing) on January 1, 2027.
PKSHA Technology Inc.
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