TOKYO, Apr 20 (Pulse News Wire) – GMO Internet,inc. (4784.T) announced that its board of directors resolved on April 10 to issue new shares and sell existing ones.
Key details include: For the public offering of new shares, the issuance price per share is set at [NUM_0], totaling [NUM_1]. The subscription period runs from April 21 to April 22, with payment due on April 27. Additionally, the company plans to sell existing shares through an underwriter's buyout at [NUM_6] per share, totalling [NUM_7], with settlement on April 28. A greenshoe option exercise period will run from April 28 to May 22.
Funds raised from the equity offering, estimated at [NUM_13], will be used to repay loans from GMO Internet Group for strategic partnership investments in Turing Corporation’s AI development project, expand GPU server infrastructure, and repay bank borrowings by end-May 2026. Details are available in the April 10 press release. GMO Internet emphasizes that this document does not constitute investment advice and is solely for informational purposes. Investors should consult official documents for their own judgment.
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