Terra Drone Reports Large Exercise of Warrant Options, Completion of All Exercises

TOKYO, Jul 16 (Pulse News Wire) – Terra Drone Corporation (278A.T) reported a large exercise of warrant options on July 16, marking the completion of all exercises of its 19th series warrant options issued on July 6, 2026. According to the disclosure, a total of 100,000 shares were delivered since the last report, representing the exercise of 1,000 warrants out of the total issuance.

As of July 16, there are now zero outstanding unexercised warrants. In addition, the company detailed monthly exercise activity for July 2026. A total of 2,133 warrants were exercised during the month, accounting for 100.00% of the total issuance.

On July 13, 16,000 shares were delivered at an exercise price of 53,000 per share. Further deliveries occurred on July 15 and July 16, totaling 60,300 and 100,000 shares respectively, with corresponding exercise prices of 603 and 12,445 per share. Regarding exercise limitations based on the Tokyo Stock Exchange's listing regulations and the Securities Association’s rules, the combined delivery of shares does not exceed the permissible ratio of 4.36%.