Upcon Completes Off-Market Sale of Shares

TOKYO, Jul 22 (Pulse News Wire) – Upcon (5075.NG) completed its off-market sale of shares. The sale involved 136,800 shares at a price of ¥1,037 per share, with a limit of 3,000 shares per buyer.

The initial plan was to sell 180,000 shares, but the final execution adhered closely to the outlined parameters. The purpose of this off-market sale was to enhance liquidity and increase the float ratio, supporting the company's goal of transitioning to the main market of the Nagoya Stock Exchange from the Next Market where it listed in December 2022.

This move aims to boost recognition, visibility, and credibility in the capital markets, fostering sustained growth and long-term value enhancement for shareholders. The sale took place through the Nagoya Securities Exchange.