Announcement • Jul 01
Petgo Corporation announced that it expects to receive ¥248.34217 million in funding from Blue Incubation Co., Ltd.
Petgo Corporation announced a private placement of 1,385 Units of 18th Stock Acquisition Rights Certificate of the company at an issue price of ¥1,282 for gross proceeds of ¥1,775,570 and 332,300 Common Shares of the company at an issue price of ¥742 for gross proceeds of ¥246,566,600 and aggregate gross proceeds of ¥248,342,170. The transaction involves participation from new investor Blue Incubation Co., Ltd. on June 29, 2026. The SARs are exercisable into 138,500 Common Shares of the company. The exercise period will start from July 16, 2026 to July 15, 2031. The shares underlying these stock acquisition rights are the common stock, totaling 138,500 shares at an exercise price of ¥742. These are fully voting shares, meaning there are no restrictions whatsoever on the shareholders' rights. The number of shares per trading unit is 100 shares. The estimated payment amount is ¥ 351,109,170 on dilution basis with estimated issuance costs of ¥ 10,000,000 and estimated net proceeds of ¥341,109,170. The total payment amount is the sum of the total payment amount for the new shares (¥246,566,600), the total issue price of the stock acquisition rights (¥1,775,570), and the total value of the assets contributed upon exercise of the stock acquisition rights (¥102,767,000). The total value of the assets contributed upon exercise of the stock acquisition rights is the amount assuming that all stock acquisition rights are exercised at the exercise price. The estimated issuance costs do not include consumption tax, etc. The total amount of the stock acquisition rights plus the total value of the assets contributed upon exercise of the stock acquisition rights is ¥104,542,570. The transaction has been approved at the Board of Directors meeting. The transaction has been carried out by third-party allotment capital increase. The transaction is expected to close on July 15, 2026.
