Source disclosure: February 10, 2026
Kudan Inc. [4425.T]
TOKYO, Feb 10 (Pulse News Wire) -- Kudan Inc. (4425.T), represented by CEO Sho Ohara, has announced that all exercises of its Exercise Price Adjustment Clause Attached 18th Tranche Subscription Rights have been completed as of February 9, 2026. The company also provided details on the exercise status for January 2026.
The subscription rights were originally issued on June 19, 2024. In January 2026, a total of 10,200 shares were delivered based on the exercise of 102 subscription warrants out of a total issuance of 10,000 warrants, representing an exercise ratio of 1.02%. As of the end of December 2025, there were 102 unexercised subscription warrants, which dropped to zero by the end of January 2026.
On February 9, 2026, the final exercise was executed, resulting in the delivery of 10,200 shares at an exercise price of ¥1,812 per warrant. Prior to this month's exercise, the outstanding share count stood at 11,286,767 shares, including 568 treasury shares.
Regarding compliance with exercise restrictions under Article 434 of the Listing Rules, Kudan reported that the cumulative number of delivered shares is 10,200, while the listed share count stands at 10,289,567. This results in an exercise restriction ratio of 0.1%, well within the permissible limits according to the rules.
For further inquiries, interested parties may contact Management Director Ishii Tatsuya at Tel. 03-6892-7333.
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