TOKYO, May 20 (Pulse News Wire) – RIBOMIC Inc. (4591.T) resolved at today’s board meeting to propose amendments to its articles of incorporation at its 23rd regular shareholders' meeting scheduled for June 23, 2026.
The proposals include increasing the total number of issuable shares from 114,000,000 to 217,000,000 and transitioning to an audit committee structure. Currently, RIBOMIC's total issued share count stands at 54,332,640. The increase in issuable shares aims to expand funding options and enable flexible capital raising for future growth.
Additionally, the transition to an audit committee structure seeks to enhance supervisory functions and streamline decision-making processes. The proposed changes also involve establishing provisions related to audit committee members and removing existing regulations concerning auditors and the auditor’s council. Important operational decisions will be delegated according to newly established regulations.
The amendments will take effect upon conclusion of the shareholders’ meeting.
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