Birdman Delays Merger Schedule With Maverick Corp.

TOKYO, Jul 15 (Pulse News Wire) – Birdman Inc. (7063.T) announced changes to the schedule for acquiring all shares of Maverick Corporation (Maverick Corp.) and integrating it as a subsidiary.

Originally planned for completion by June 2026, the revised timeline now extends until August due to slower-than-expected exercise of the ninth tranche of subscription rights, impacting necessary funding availability. Under the initial plan, key milestones included a board resolution on March 26, 2026, followed by a basic agreement signing also on March 26, 2026. Subsequent steps such as board meetings and extraordinary shareholder meetings were scheduled for April and June respectively, with the share exchange becoming effective in late June.

However, the revised schedule pushes back these events to August, with the board meeting set for early August and the extraordinary shareholder meeting slated for mid-August, making the share exchange effective in late August. Birdman stated that while negotiations with Maverick Corp. remain ongoing, the company will continue discussions focusing on alternative financing methods amid the current funding challenges.

Any further adjustments to the timetable could occur based on progress in subscription right exercises and alternative fundraising efforts.