JB Eleven Reports No Exercise of Convertible Warrants in July

TOKYO, Aug 03 (Pulse News Wire) – JB Eleven (3066.NG) reported no exercise of convertible warrants for its seventh and eighth tranches in July. The warrants, issued via private placement on June 29, 2026, allow conversion into fixed-price subscription rights, subject to board approval for price adjustment.

For the month ending July 31, 2026, neither tranche saw any warrant exercises. Specifically: - Seventh Tranche: No shares delivered, no warrants exercised, and no change in outstanding warrants. - Eighth Tranche: Similarly, no shares delivered, no warrants exercised, and no alteration in outstanding warrants. As of the end of July, the number of unexercised warrants remained unchanged at 12,000 for the seventh tranche and 10,000 for the eighth tranche, out of total issuance counts of 1,200,000 and 1,000,000 respectively.

In addition, JB Eleven adhered to the exercise limitations stipulated by the Nagoya Securities Exchange's Listing Rules Article 442 and the Japan Securities Dealers Association’s regulations on third-party allotment capital increases. As of the payment date, the combined delivery share count was 0, while the total listed shares stood at 9,450,500. The exercise ratio did not exceed the permissible limit of 0.00%. This report provides transparency to shareholders and investors regarding the status of these warrants without any adjustments to their exercise prices.