Toyo Engineering Corporation
Notice of Partial Conversion of Type A Preferred Shares into Common Shares
On March 18, 2026, 5,171,800 Type A preferred shares were converted into 5,171,800 common shares, increasing the number of common shares from 47,416,807 to 52,588,607 shares.
Key Figures
- Number of Converted Type A Preferred Shares: 5,171,800 shares
- Number of Issued Common Shares (Post-Conversion): 52,588,607 shares
- Number of Type A Preferred Shares (Post-Conversion): 6,240,200 shares
AI要約
Overview of Capital Policy
On March 18, 2026, Toyo Engineering Corporation converted 5,171,800 Type A preferred shares into common shares based on the exercise of the redemption rights by the holders Integral Team Investment Limited Partnership and Innovation Alpha Team L.P. The conversion ratio was one Type A preferred share to one common share. As a result of this conversion, the number of issued common shares increased from 47,416,807 shares to 52,588,607 shares, while the number of Type A preferred shares decreased from 11,412,000 shares to 6,240,200 shares.
Impact on Shareholders
This conversion increased the number of issued common shares by 5,171,800 shares, which may cause dilution to the shareholding ratios of existing shareholders. The reduction in Type A preferred shares also changes the rights structure of preferred shareholders. However, this measure is implemented as part of capital policy to enhance capital structure transparency. The exercise of redemption rights is based on the articles of incorporation, and attention should be paid to future developments in capital policy.
