TOKYO, Apr 08 (Pulse News Wire) – Unbanked Inc. (8746.T) received a decision on April 7 rejecting a shareholder’s injunction attempt against its rights issue.
The company previously disclosed the application made by Akatsuki Capital Works Co., Ltd. on March 31 seeking a preliminary injunction to halt the rights issue. According to the ruling, Unbanked Inc. was pursuing the rights issue to strengthen its financial foundation and promote long-term growth. Akatsuki Capital Works argued that the issuance was unfairly conducted to prevent the removal of certain directors during a special shareholders' meeting.
However, the Tokyo District Court ruled that the rights issue did not constitute unfair issuance methods and dismissed the injunction request. Akatsuki Capital Works holds approximately 1.59% of Unbanked Inc.'s shares, representing 1.59% of voting rights based on data as of October 31, 2025. The shareholder filed a proposal to remove five directors, including three audit committee members, on January 28, 2026. Despite the rejection, there remains a possibility that Akatsuki Capital Works could appeal immediately. Unbanked Inc.
Stated that it does not expect immediate impacts on its operations but will continue to monitor developments and disclose any significant updates.
🟢 Confidence: High AI-translated content.