Striders Corporation
Notice Regarding the Acquisition of Block Party Co., Ltd. as a Wholly-Owned Subsidiary through a Simplified Share Exchange
Resolved to make Block Party a wholly-owned subsidiary by way of a share exchange. Exchange ratio allocates 16,600 Striders Corporation shares per Block Party share, and 597,600 treasury shares of Striders Corporation will be allocated. Effective date is scheduled for 2026-10-30. Fairness was confirmed following an independent third-party valuation.
Key Figures
- Share exchange ratio: 16,600 Striders Corporation shares per 1 Block Party share
- Number of shares to be delivered: Our common shares 597,600 shares (scheduled)
- Issuance of new shares: None, treasury shares applied
AI要約
Overview of the Share Exchange
Striders Corporation resolved to implement a simplified share exchange to make Block Party a wholly-owned subsidiary and has executed a share exchange agreement. The effective date is scheduled for 2026-10-30. The exchange ratio allocates 16,600 Striders Corporation shares for each Block Party share, and Striders Corporation will apply 597,600 treasury shares to the allocation.
Purpose and Practical Effects
The purpose is to strengthen the Group’s digital capabilities through integration in the IT and DX domains, expand IT/DX support functions for portfolio and acquisition companies, facilitate PMI, and accumulate and deploy organizational know-how. Block Party’s IT business will be positioned as a core, and the expertise of Mr. Mitsuda will be organized to reduce dependency risk.
Striders Corporation
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