Solasto Corporation
Notice Regarding Resolution for Approval of Share Consolidation, Abolition of the Unit Share, and Partial Amendment of Articles of Incorporation
Approval of share consolidation and partial amendment to the Articles of Incorporation decided at an extraordinary general meeting. Consolidation ratio set at 1 share per 2,120,340 shares; delisting date planned for August 6, 2026. Details on fractional share handling, sale method, and funds for the offeror.
Key Figures
- Share Consolidation Ratio: 1 share per 2,120,340 shares
- Delisting Date (planned): 2026年8月6日
- Effective Date (planned): 2026年8月10日
AI要約
Approval of Share Consolidation and Amendment to Articles of Incorporation
At the extraordinary general meeting, Proposal 1 for share consolidation and Proposal 2 for partial amendment to the Articles of Incorporation were approved as originally proposed. Fractional shares below 1 share after consolidation will be settled by cash payment in accordance with the Companies Act. As a result of the consolidation, the shares will be delisted, and after the record date of August 6, 2026, a residual stock designation will be established; from August 9 to 11, 2026, proceeds from the sale of fractional shares are expected to be distributed to shareholders.
Fractional Share Handling and Funding
Fractions will be settled through the sale of fractional shares. The offeror will secure funds via funds such as MBK Partners, and approximately 49,999 shares worth of funds will be secured through a related company led by Toru Noda. Subject to court approval, fractional shares will be sold and proceeds distributed to shareholders.
Soralyst Co., Ltd.
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