TOKYO, May 22 (Pulse News Wire) – Sockets Inc. (3634.T) resolved to issue stock options (subscription rights) to its directors and external collaborators without requiring monetary payment.
The resolution was made during a board meeting held, and will be submitted for approval at the company's 26th annual shareholders' meeting scheduled for June 23, 2026. Under the plan, up to 300 subscription rights will be granted, with each right entitling the holder to purchase 100 shares of common stock. The exercise price per share will be determined based on the average closing price of Sockets Inc.'s ordinary shares on the Tokyo Stock Exchange in the month preceding the grant date, multiplied by 1.05.
Subscription rights will be exercisable from the day following the grant date until May 31, 2036. Capital increases resulting from the exercise of these subscription rights will adhere to legal limits, with capital contributions rounded up to the nearest whole number. Additionally, the company reserves the right to acquire subscription rightsly if holders no longer meet certain conditions outlined in the proposal.
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