Baycurrent Completes Restricted Share Award Distribution Amid Partial Dilution

TOKYO, Jul 17 (Pulse News Wire) – Baycurrent,inc. (6532.T) completed the distribution of restricted share awards to employees and directors .

Initially planned for 107,958 shares, the total number was adjusted due to partial dilution, resulting in the issuance of 197,756 shares. Details of the transaction include: - Number of shares distributed: 197,756 - Price per share: ¥5,530 - Total value of the distribution: ¥1.804 billion The adjustment reflects changes in the allocation plan due to one designated recipient losing their eligibility.

Originally, the distribution was intended for three individuals and 198 employees totaling 107,958 shares. However, the final distribution involved 197 employees receiving 197,756 shares at a revised price.

For more specifics, refer to the June 17, 2026, press release titled “Announcement Regarding Self-Shares Distribution as Restricted Share Awards.”.