TOKYO, Mar 13 (Pulse News Wire) – Kuramoto CO.,LTD. (5216.T) announced today that its board of directors approved the issuance of new shares and warrants through third-party allocation.
The share issuance involves 2,294,200 common shares priced at ¥170 per share, totaling ¥390,014,000. Of this amount, ¥189,992,000 will be allocated via debt-equity swap (DES), while the remaining ¥200,022,000 will be funded through cash contributions. The DES method will allocate ¥49,997,000 from New Century Limited Liability Investment Corporation and ¥139,995,000 from abc Corp. Cash contributions will fund the rest.
Additionally, the company plans to issue 32,777 warrant units, each exercisable for 100 shares at ¥267 per unit, raising a total of ¥8,751,459. Upon exercise, these warrants could potentially result in the issuance of up to 3,277,700 additional shares. Funds raised from these issuances will primarily support operational needs, including working capital for existing businesses and research and development activities for the robotics division. Specifically, Kuramoto expects to utilize funds for equipment investments in semiconductor-related projects and perovskite solar cell technology, as well as acquisitions aimed at expanding its semiconductor manufacturing capabilities.
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