Terra Drone Corporation [278A.T]
TOKYO, Jun 19 (Pulse News Wire) – Terra Drone Corporation (278A.T) resolved to issue subscription rights through a resolution made on June 15, based on Mizuho Securities' allocation plan. The issuance conditions were finalized on June 19, with the total issuance amounting to ¥30.2 million.
Individual prices per subscription right range from ¥3,800 to ¥2,100. Funding from the issuance is expected to be ¥14.57 billion (net estimated proceeds). Exercise prices and their adjustment conditions vary among the subscription rights, with initial exercise prices set at ¥8,410 to ¥30,000.
Lower limits for exercise prices are also established, ranging from ¥8,000 to ¥15,000. Adjustments to these lower limits can occur post-July 7, subject to certain constraints. Subscription rights will be exercisable from July 7, 2026, until July 9, 2029, except during specific stockholder determination days and related periods.
Additionally, the company retains the right to repurchase all outstanding subscription rights either on July 9, 2029, or upon significant corporate events such as mergers or delistings.
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