Source disclosure: February 26, 2026, 16:00 JST
Agile Media Network Inc. [6573.T]
TOKYO, Feb 26 (Pulse News Wire) – Agile Media Network INC. (6573.T) resolved today to amend the intended uses of funds raised through its subscription rights issues.
The changes were approved during a board meeting held. Previously, the company had disclosed plans to allocate funds towards operational expenses, personnel enhancement, existing business investments, mergers and acquisitions, and cryptocurrency purchases. However, due to recent developments, the total expenditure amount has been reduced from ¥749 million to ¥655 million. Specifically, the allocation for operational expenses aimed at covering operating deficits has decreased from ¥530 million to ¥287 million, while the portion designated for personnel enhancement and advertising costs has been entirely eliminated.
Similarly, funding for research and development within existing businesses has also been cut to zero. In addition, the company intends to reallocate funds obtained from selling Bitcoin, totaling ¥17 million, towards operational capital to ensure longer-term liquidity. This decision was made based on projected financial losses until December 2028, as detailed in the company's revised three-year business plan. Going forward, Cravial expects the impact of these funding purpose adjustments to be minor on its overall performance.
Any further significant developments will be promptly disclosed.
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