FDK Corporation
Notice Regarding the Public Offering of Unsecured Convertible Bond-Type Bonds with Warrants (with Anti-dilution Provisions) issued through Third-Party Allotment
Decision to issue convertible bond-type bonds with warrants through a third-party allotment for fundraising. Total amount of 2,500 million yen, conversion price 500 yen, interest rate 0.3%, allottees SILITECH TECHNOLOGY CORPORATION, payment date 2027/3/11, with lock-up conditions, anti-dilution provisions, and anticipated dilution disclosed.
Key Figures
- Total funds raised: 2,500,000,000 円
- Conversion price of bonds with warrants: 500 円
- Breakdown of fund usage: 1,920 百万円 (growth investment), 500 百万円 (equipment investment)
AI要約
Summary of the offering
FDK will issue convertible bond-type bonds with warrants as a third-party allotment, to SILITECH TECHNOLOGY CORPORATION as the allottees. The aggregate amount is 2,500 million yen, with the payment date set to March 11, 2027. The initial conversion price is 500 yen, and the revised price may apply under the anti-dilution clause. Potential number of new shares is 15,000,000 (200,000 shares per warrant). Restrictions include MSCB-related conversion limits, lock-up, and transfer restrictions.
Capital policy and use of funds
Funds are planned to be allocated to growth investments of 1,920 million yen for new business development and 500 million yen for equipment investment toward the new battery business. Aims to diversify the business portfolio in the FY2023 medium-term plan and support new business development through M&A and alliances, as well as accelerate next-generation battery development.
FDK Corporation
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