TOKYO, Jun 15 (Pulse News Wire) – V-cube,inc. (3681.T) held its extraordinary shareholders’ meeting on June 15, approving several key proposals.
Among them, the merger plan was approved, which will take effect on July 13, 2026, contingent upon the completion of third-party allotment share issuance and related changes to the articles of incorporation scheduled for May 25, 2026. Under the merger plan, minority shareholders holding less than one share will have their fractional shares sold to AVA3 HD Co., Ltd. with court approval.
The proceeds from this sale will be distributed to minority shareholders based on the number of ordinary shares they owned prior to the merger, multiplied by a factor of 100. Distribution is expected to commence in early October 2026, following the same method used for dividend payments. Additionally, the meeting approved changes to the articles of incorporation concerning preferred stock and non-disclosure regulations, as well as the appointment of three directors and one auditor.
Detailed information on the proposals can be found in the notice sent out on June 19, 2026.
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