THE WHY HOW DO COMPANY,Inc. [3823.T]
TOKYO, Apr 17 (Pulse News Wire) – THE WHY HOW DO Company,inc. (3823.T) reported the exercise of its 16th tranche subscription rights during April.
As of April 17, a total of 118,400 subscription rights have been exercised out of 210,000 issued, representing a usage ratio of 56.4%. The company noted that the delivery of shares resulting from the exercise amounted to 11,840,000 shares since the beginning of the month. On April 17 alone, 11,840,000 subscription rights were exercised at an exercise price of ¥39.60 per share, leading to the issuance of 118,400 shares.
Prior to the exercise period, there were 91,600 unexercised subscription rights remaining. In accordance with the Tokyo Stock Exchange's Listing Regulations Article 434 and the Japan Securities Dealers Association’s Rules on the Handling of Third-Party Allotment Capital Increases, the company adhered to the exercise limitations. The combined number of delivered shares was 11,840,000, accounting for 9.0% of the outstanding listed shares as of the payment date.
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