TOKYO, Apr 23 (Pulse News Wire) – Powerex (485A.T) announced plans to split its shares at a ratio of 1-to-3, effective from April 24, 2026. The move aims to lower investment costs per share and enhance liquidity.
As of March 31, 2026, the total number of outstanding shares was 38,050,750. Post-split, the total number of outstanding shares will increase to 114,152,250, while the total number of authorized shares will rise to 384,000,000. The company also adjusted the exercise prices of various warrant issues, reducing them proportionally according to the split ratio.
For instance, the exercise price for the first series of warrants issued on October 07, 2021 will drop from ¥60 to ¥20, and similarly, the tenth series issued on April 25, 2025 will decrease from ¥770 to ¥257. In conjunction with the share split, Powerex will amend certain sections of its articles of incorporation based on Article 184, Paragraph 2 of the Companies Act, taking effect on June 01, 2026. Specifically, the total number of authorized shares will be revised from 128,000,000 to 384,000,000.
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