PicoCELA Inc. Issues Restricted Shares to Nikken Lease Kogyo for Joint Project

PicoCELA, Inc. ADR ( (PCLA) ) has provided an announcement.

On April 28, 2025, PicoCELA Inc. entered into a share subscription agreement with Nikken Lease Kogyo Co., Ltd., issuing 2,531,645 restricted common shares at JPY79 per share for a total of JPY199,999,955. This private placement aims to support a joint project for developing new products. The shares, representing 9.3% of PicoCELA’s outstanding shares, are restricted from transfer or conversion for 18 months. This strategic move is expected to enhance PicoCELA’s product development capabilities and strengthen its market position.

More about PicoCELA, Inc. ADR

PicoCELA Inc. is a Tokyo-based company specializing in enterprise wireless mesh solutions. The company manufactures, installs, and services mesh Wi-Fi access point devices, utilizing its proprietary PicoCELA Backhaul Engine technology to eliminate the need for extensive local area network cabling. Additionally, PicoCELA offers a cloud portal service, PicoManager, for monitoring connectivity and communication traffic, and installing edge-computing software on its PCWL mesh Wi-Fi access points.

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