Axel Mark Inc.
Notice Regarding Release of Lock-up with Parent Company
A resolution was passed to fully release the lock-up agreement with parent company Convano. The purpose is to enhance liquidity after meeting the listing maintenance criteria and to improve the fundraising environment. The reason for the release is that compliance with the market capitalization criterion has been achieved and the role of restraining short-term sales is complete; the remaining term is judged to provide limited protective effect. Going forward, efforts will continue to improve the tradable share ratio and to prepare the fundraising environment.
Key Figures
- Market Capitalization Criterion Compliance Date: 2026-10-01
- Number of Subject Shares: Unknown
- Methods to Improve Tradable Share Ratio: Unknown
AI要約
Overview of the Release
As of today, a resolution has been passed to fully release the lock-up with parent company Convano. It has been judged that the objectives cited—compliance with listing maintenance criteria and stabilization of supply-demand—have been achieved, and that any additional protective effect during the remaining term would be limited. Going forward, the company will focus on improving the tradable share ratio and enhancing market liquidity, and will proceed to develop the fundraising environment.
Impact on the Market and Fundraising
While the release of the lock-up enables Convano to dispose of the subject shares, the company emphasizes that procedures to protect minority shareholders' interests will continue to be properly implemented. Future fundraising will be considered mainly through equity, on the premise that an environment ensuring liquidity is in place.
Axel Mark Inc.
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