Notice of the Issuance of the 19th Stock Acquisition Right by Third-Party Allotment (Exercise Price Adjustment Clause)

Overview of funding

Inspec allocates the 19th stock acquisition right by third-party allotment to Cantor Fitzgerald Europe, raising funds through exercise. The total is ¥8,893,430, with 23,590 rights issued and 2,359,000 shares underlying, resulting in an anticipated maximum dilution of 58.79%. The exercise price starts at ¥847.8, with weekly adjustments on the adjustment date to an amount equivalent to 90% of the previous week’s close, and there is no upper limit to the price.

Use of funds and strategic background

Funds are planned to be used for operating funds of ¥1,499 million and R&D funds of ¥500 million, totaling ¥1,999 million. The primary business is semiconductor package substrate inspection equipment, with expansion of AIDC investments and rising component costs leading to increased working capital. Continued development including SX7000/LX7000 deployment and advanced AI image processing to maintain and strengthen competitiveness. As the exposure equipment business is exited, funding needs have been reorganized, and dynamic funding is deemed necessary.