TOKYO, Mar 26 (Pulse News Wire) – AP Holdings CO.,LTD. (3175.T) announced today that it has changed the exercise suspension period for its fifth and sixth tranches of warrants previously issued on June 14, 2023.
According to the agreement with EVO Fund, the company notified EVO Fund on March 27, 2024, to suspend the exercise of all remaining warrants from March 18, 2024, until March 31, 2026, extending the suspension period from 498 trading days to 549 trading days. As of today, there are 13,300 shares represented by 133,000 units of the fifth tranche warrants and 2,000 units representing an unspecified number of shares for the sixth tranche warrants.
Details of the warrant issuance can be found in the May 29, 2023, press release titled “Third-party Allocation Issuance of Fourth through Sixth Tranche Warrants and Subscription Agreement.” Under the warrant subscription agreement, AP Holdings retains the right to suspend or resume the exercise of these warrants at any time based on market conditions. Any changes to the exercise status will be disclosed promptly via the Tokyo Stock Exchange.
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