TOKYO, Apr 16 (Pulse News Wire) – Nichiryoku CO.,LTD. (7578.T) disclosed changes to its funding timeline for a bone repository acquisition and capital tie-up with Itowa Corp.
Originally planned for May 2025, the acquisition's spending schedule was delayed until May-July 2026 due to slower-than-expected exercise of third tranche warrants. The total cost of the acquisition is approximately ¥550 million, funded partly by previous equity issuance proceeds of ¥100 million and new funds raised through additional share issuances totaling ¥250 million. The remaining balance of about ¥200 million will come from existing cash reserves. Additionally, the company plans to acquire and cancel all outstanding third tranche warrants by May 7, 2026, according to warrant issuance terms.
Previously, the firm intended to allocate funds towards a capital tie-up with Itowa Corp. from May to July 2025, which remains unchanged. Looking ahead, Nichioku expects minimal impact on its March 2026 fiscal performance due to the revised funding schedule. Any further developments will be promptly disclosed.
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