Source disclosure: February 24, 2026
SANDEN CORPORATION [6444.T]
TOKYO — Sanden Corporation (6444), led by President and CEO Xu Zhan, announced on February 24 that the issuance price and other terms of its third-party allotment share offering have been determined. The company's board of directors approved the issuance plan during a meeting held on February 13, 2026. For more detailed information regarding this third-party allotment, investors should refer to the press release issued on February 13.
The offering involves the issuance of 500,000 ordinary shares at an issue price of ¥165 per share, resulting in total proceeds of ¥82.5 million before expenses. The payment date for the allottees is set for March 23, 2026. This allotment will be exclusively directed towards three members of the company’s board of directors. After deducting estimated issuance fees of ¥7 million, including registration taxes and legal costs, the net amount available for allocation stands at ¥75.5 million.
The funds raised from this allotment are intended primarily as working capital rather than for any specific investment projects. According to the company, the primary objective of this allotment is to incentivize the board members to enhance their commitment and morale toward achieving group performance targets and boosting enterprise value. Prior to actual disbursement, these funds will be managed within the company's bank account.
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