TOKYO, May 19 (Pulse News Wire) – Kaihan CO.,LTD. (3133.T) announced today that it has decided to suspend the exercise of its ninth tranche warrant (with adjusted exercise price clause) allocated to EVO FUND.
The decision was made during a board meeting held on May 18, 2026. Under the buyback agreement signed with EVO FUND, Kaihan notified EVOLUTION JAPAN Securities Co., Ltd. (EJS) to halt the exercise of the remaining warrants effective May 25, 2026. As of now, there are 52,400,000 shares (or 52.4 million shares) of unexercised warrants outstanding.
The suspension is due to the temporary decline in stock prices below the set minimum exercise price on May 18, 2026, making continued funding through warrant exercises challenging. The company plans to reassess future stock trends and capital policies to determine the optimal timing and method for securing necessary funds for sustainable growth. Kaihan retains the flexibility to resume warrant exercises based on further evaluation and market conditions. The company remains committed to ensuring market stability while pursuing strategic investment opportunities.
Any subsequent developments will be disclosed promptly.
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