CURRENT MOTOR Corporation [7690.T]
TOKYO, May 18 (Pulse News Wire) – CURRENT MOTOR Corporation (7690.T) announced today that its board of directors, held, decided to repurchase and cancel some warrants issued by the company. Under the decision, CURRENT MOTOR plans to acquire 14,000 warrants and cancel them without charge.
As of May 18, 2026, the total number of outstanding warrants was 58,000 units, representing ordinary shares of the company amounting to 58,000. The exercise price of these warrants is free, and their exercise period runs from August 19, 2027 to August 18, 2035. The cancellation will take place on June 15, 2026, leaving 44,000 units remaining, corresponding to 44,000 ordinary shares.
The rationale behind this move is that the company can acquire and cancel warrants that no longer meet the exercise conditions at no cost. This action is aimed at streamlining the warrant structure and aligning it more closely with the company's strategic objectives. Regarding the impact on performance, CURRENT MOTOR stated that while the effect on the current fiscal year ending October 2026 would be minor, the company will promptly disclose any significant developments arising from this transaction.
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