TOKYO, Apr 01 (Pulse News Wire) – Kaihan CO.,LTD. (3133.T) reported the exercise status of its ninth tranche subscription rights (with adjusted exercise price clause) allocated to EVO Fund for the month of March 2026.
A total of 1,440,000 shares were delivered during the month based on exercised subscription rights amounting to 14,400 units out of the total issuance of 570,000 units, representing an exercise ratio of 2.5%. As of March 9, 2026, there were 570,000 unexercised subscription rights remaining, which decreased to 555,600 by the end of March. Detailed exercise activity for March included deliveries on March 10, March 11, March 17, March 18, March 23, March 24, March 25, and March 27. On March 10, 374 shares were delivered at an exercise price of ¥5,300 per share.
Subsequent days saw varying levels of exercise activity, with notable transactions occurring on March 18, delivering 40,000 shares at ¥365 per share, and on March 25, where 3,300 units were exercised at ¥349 per share. Additionally, as of March 9, 2026, the outstanding share count was 56,915,783 shares, excluding treasury shares. The exercise limit adherence was calculated based on the total number of delivered shares divided by the number of listed shares at the time of issuance, resulting in an exercise ratio of 2.5%. For more detailed information on the issuance of these subscription rights, refer to the February 20, 2026, disclosure titled “Announcement Regarding the Issuance of Ninth Tranche Subscription Rights (With Adjusted Exercise Price Clause), Second Unsecured Ordinary Bonds (Private Placement to Few Individuals), Third Unsecured Ordinary Bonds (Private Placement to Few Individuals), and the Conclusion of Subscription Right Repurchase Contracts.”.
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