BrainPad Inc.
Notice of Approval Resolution Regarding Stock Consolidation, Abolition of the Designation of Number of Shares per Trading Unit, and Partial Amendment to the Articles of Incorporation
BrainPad Inc. will consolidate 2,787,398 shares into one share on March 19, 2026, reducing the total number of issued shares from 20,832,201 shares to 7 shares, and abolishing the designation of number of shares per trading unit. The listing is scheduled to be delisted on March 17, 2026.
Key Figures
- Stock Consolidation Ratio: Consolidation of 2,787,398 shares into 1 share
- Total Issued Shares After Effectiveness: 7 shares
- Delisting Date: March 17, 2026 (planned)
AI要約
Overview of Capital Policy
At the Extraordinary General Meeting of Shareholders held on February 26, 2026, BrainPad Inc. approved as originally proposed the stock consolidation, abolition of the designation of the number of shares per trading unit, and partial amendment of the Articles of Incorporation. The stock consolidation plans to consolidate 2,787,398 shares into one share, reducing the total number of issued shares from approximately 20,832,201 shares to 7 shares. Concurrently, the designation of the number of shares per trading unit will be abolished and related provisions of the Articles of Incorporation will be amended.
Impact on Shareholders and Future Schedule
As a result of the stock consolidation, the final trading day of the Company's shares will be March 16, 2026, and the shares will be delisted from the Tokyo Stock Exchange Prime Market on March 17, 2026. Fractional shares less than one share will be sold to the tender offeror, Fujitsu Limited, and the proceeds from the sale will be distributed to shareholders. An application for approval to sell fractional shares will be submitted to the court in early April 2026, with payment of proceeds expected in early July.
