TOKYO, May 20 (Pulse News Wire) – CRAVIA Inc. (6573.T) confirmed a significant shareholder movement following the exercise of its 14th rights issue granted to EVO FUND (Cayman Islands, represented by Michael Larch and Richard Chizom).
As a result, the company issued new shares, leading to changes among major shareholders. Previously, GRAY LIGHT CORPORATION was a major shareholder holding 5,095,679 shares, ranking second based on voting rights. However, following the issuance of new shares, GRAY LIGHT CORPORATION is no longer considered a major shareholder despite maintaining the same number of shares. Prior to the change, GRAY LIGHT CORPORATION held approximately 10.03% of total outstanding shares, calculated based on the number of shares outstanding as of May 19, 2026, minus non-voting shares as of December 31, 2025.
Post-change calculations show their shareholding percentage remains unchanged at 10.03%, now based on the updated total outstanding shares as of May 20, 2026. The company stated that this change will not impact its management structure going forward. GRAY LIGHT CORPORATION, located at Tokyo, Minato Ku Toranomon Yon Choume1-40, had previously operated in manufacturing and selling recorded media such as music and video products, with a capital of ¥50 million. The company's voting rights and share count remained consistent through the transition but lost its status as a major shareholder due to the dilution effect from the new share issuance.
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