Microwave Chemical Co., Ltd.
Supplementary Explanation Materials on the Issuance of the 8th Stock Acquisition Rights through Allotment to Third Parties
Issuance of 16,420 stock acquisition rights through a third-party allotment to raise approximately 16.03 hundred million yen. The exercise price is adjusted to 90.5% of VWAP, with a lower limit of 588 yen. Use of funds: equipment investment for the low-concentration precious metal recovery business, creation of new businesses, and operating funds. Exercise period about 3 years; allottees limited to SMBC Nikko Securities.
Key Figures
- Number of stock acquisition rights: 16,420 units
- 潜在株式数 (最大希薄化率): 1,642,000 shares (10.34%)
- Funding amount: 1,603 million yen
- Exercise period: 2026/9/17–2029/9/28
- Initial exercise price: 979 yen (adjusted to VWAP basis) Lower limit: 588 yen
AI要約
Overview of this matter
This supplementary explanation is prepared to deepen understanding of the issuance of the 8th stock acquisition rights through a third-party allotment and the conclusion of a facility agreement. The issuance of stock acquisition rights will raise approximately 16.0 hundred million yen to be allocated to equipment investment for the low-concentration precious metal recovery business, creation of new businesses, and operating funds. The exercise price is revised to 90.5% of VWAP, with a lower limit set at 588 yen. Dilution is capped at a maximum of 10.34%.
Capital policy and future prospects
Funds are raised through an “exercise-permission-type scheme” designed to limit abrupt dilution, with exercises expected to occur in stages aligned with stock price movements. Allottees are limited to SMBC Nikko Securities, and share issuance will be executed in response to market conditions. This matter aims to accelerate the growth strategy of the Microwave Wave Solution business, with investments targeting sustained profitability through 2030.
Microwave Chemistry Co., Ltd.
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