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Beat Holdings ( (JP:9399) ) has shared an update.
Beat Holdings has completed the payment procedures and issuance of 45 million stock acquisition rights with exercise price amendment clauses via a third-party allotment, raising an expected total of approximately ¥3.84 billion through the initial issuance and potential future exercises. The rights, mainly allotted to Cantor Fitzgerald & Co. and investor Lian Yih Hann, carry a two-year exercise period and a resettable exercise price mechanism with a defined floor, positioning the company to secure flexible equity financing while introducing potential share dilution that existing shareholders and market participants will need to monitor.
More about Beat Holdings
Beat Holdings Limited, listed on the Tokyo Stock Exchange Standard Market under code 9399, operates as a Japan-based company with activities that involve equity financing and capital markets transactions to support its business operations and growth strategy.
Average Trading Volume: 370,988
Current Market Cap: Yen14.2B
See more insights into 9399 stock on TipRanks’ Stock Analysis page.