Toyo Engineering Corporation
Notice of Partial Conversion of Class A Preferred Shares into Common Shares
On April 1, 2026, 5,740,100 Class A preferred shares were converted into common shares, increasing common shares by 5,740,100 shares to a total of 58,328,707 shares.
Key Figures
- Number of Class A Preferred Shares Converted: 5,740,100 shares
- Increase in Common Shares: 5,740,100 shares
- Total Outstanding Common Shares (Post-Conversion): 58,328,707 shares
AI要約
Summary of Capital Policy
Toyo Engineering Corporation announced that on April 1, 2026, a portion of Class A preferred shares was converted into common shares. The conversion targets were a total of 5,740,100 shares held by Integral Team Investment Limited Partnership and Innovation Alpha Team L.P., with one common share issued for each Class A preferred share. As a result, the total outstanding common shares increased from 52,588,607 shares to 58,328,707 shares, while Class A preferred shares decreased from 6,240,200 shares to 500,100 shares.
Impact on Shareholders
While this conversion caused dilution of common shares, the remaining number of Class A preferred shares significantly decreased. The increase in common shares due to the conversion was 5,740,100 shares, which may affect shareholder composition and voting rights ratios. Details of Class A preferred shares can be found in the related disclosure dated November 28, 2018.
