Okamoto Glass Co., Ltd. announced private placement to issue 18,000 series 11 Stock Acquisition Rights at an issue price of ¥231 for gross proceeds of ¥4,158,000 and 2,000 series 12 Stock Acquisition Rights at an issue price of ¥48 for gross proceeds of ¥96,000 for total aggregate gross proceeds of ¥4,254,000 on May 15, 2026. The transaction includes participation from Nomura Securities Co., Ltd. The potential shares from issuance of series 11 Stock Acquisition Rights are 1,800,000 shares and from series 12 Stock Acquisition Rights are 200,000 shares. The initial exercise price will be the higher of the condition determination base stock price or the lower limit exercise price.
The exercise price for the 11th series of stock acquisition rights will be adjusted to an amount equivalent to 91% of the closing price on the Tokyo Stock Exchange on the trading day immediately preceding the date on which notice of each exercise request for the 11th series of stock acquisition rights is given, rounded up to the nearest ¥0.1 starting from two trading days after the allotment date. The exercise price will be the higher of either 130% of the price equivalent to the condition determination base stock price, rounded up to the nearest ¥1, or ¥702. There is no exercise price adjustment clause.
The transaction is approved by board of directors of the company and is expected to close Any day between June 5, 2026, and June 9, 2026. The company will issue stock acquisition rights by third party allotment. The company has 29,091,672 shares outstanding in May 2026.
