Source disclosure: January 30, 2026
I-NET CORP. [9600.T]
TOKYO — I-NET Corp., represented by President and CEO Yutaka Soba, announced today that its extraordinary shareholders' meeting held on January 30, 2026, has approved all proposals related to share consolidation, abolition of the minimum trading unit, and partial amendments to the articles of incorporation. The company's ordinary shares will be delisted from the Tokyo Stock Exchange Prime Market after being designated as a speculative stock from February 26, 2026.
The board supports the tender offer initiated by OFI-01 Corporation and recommends shareholders to tender their shares. Under the terms agreed upon, each shareholder holding less than one share due to the share consolidation will receive compensation based on the price offered during the tender offer. This process is expected to involve selling these fractional shares through court approval under Article 235 of Japan’s Companies Act, allowing OFI-01 to purchase them.
According to the announcement, the share consolidation ratio is set at 3,000,000 shares to one new share. As a result, the total number of issued shares will decrease from approximately 15.257 million to five million post-consolidation. Additionally, the company plans to cancel 218,320 treasury shares on February 27, 2026, which were acquired prior to December 10, 2025. These cancellations reduce the pre-effectiveness total outstanding shares to around 15.257 million.
Regarding the sale of fractional shares, the company expects to sell these shares to OFI-01 following court permission. The proceeds from this sale will be distributed to shareholders proportionally, with an estimated value of ¥2,530 per share. The company anticipates completing this transaction between March and April 2026, followed by distributing the funds to shareholders by late June 2026.
Furthermore, the company confirmed that it has verified the funding sources for the tender offer, including loans from financial institutions and investments from OPI2002 Investment Fund. This ensures sufficient liquidity to cover any potential liabilities arising from the share consolidation process. The changes to the articles of incorporation will take effect on March 2, 2026, contingent upon the completion of the share consolidation.
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