THE WHY HOW DO COMPANY,Inc. [3823.T]
TOKYO, Apr 17 (Pulse News Wire) – THE WHY HOW DO Company,inc. (3823.T) announced today that it has determined the share exchange ratio for its full subsidiary acquisition of Iiyama Construction Co., Ltd.
Based on the agreement signed on March 27, 2026. According to the terms of the agreement, for every ordinary share of Iiyama Construction, THE WHY HOW DO Company,inc. will issue 2,060.338 of its own ordinary shares. This exchange rate was calculated using the formula: \[ \text{Share Exchange Rate} = \frac{\text{Base Time Value}}{\text{Average Closing Price of the Company's Ordinary Shares Over the Recent Three Weeks}} \] where the Base Time Value is set at 1,000,000 and the average closing price is ¥485.69 per share. As a result, THE WHY HOW DO Company,inc.
Will deliver approximately 1,489,000 of its ordinary shares in connection with this transaction. Notably, existing shares held by THE WHY HOW DO Company,inc. in Iiyama Construction will not be subject to this exchange. --- In addition, the base time for calculating the exchange ratio is defined as April 17, 2026, at 3:30 PM, with the closing prices taken from the Tokyo Stock Exchange’s First Section. This move solidifies THE WHY HOW DO Company,inc.’s strategic position in integrating Iiyama Construction fully into its operations.
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