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PicoCELA, Inc. ADR ( (PCLA) ) just unveiled an announcement.
At an extraordinary general meeting held in Tokyo on September 30, 2025, PicoCELA Inc. secured shareholder approval for a wide-ranging overhaul of its capital structure, governance framework and incentive schemes, including accounting-based reductions and reclassification of share capital and legal capital surplus, the termination of its audit and supervisory board in favor of an audit and supervisory committee structure, expansion of authorized share capital, revised director remuneration limits and the introduction of a long-term restricted share compensation program for directors. These changes, which also included the appointment of a new accounting auditor, the election of directors under the new committee system and authorization of up to 40 million restricted shares for director compensation over 20 years, position PicoCELA to strengthen its corporate governance while giving the board greater flexibility in capital allocation and executive incentives, with foreign private issuer exemptions used to align its audit structure with Japanese law and Nasdaq requirements. On December 30, 2025, pursuant to these approvals and a December 15, 2025 board resolution, the company issued 40,000,000 restricted common shares to CFO and director Hideaki Horikiri in consideration of his services, subject to a 20-year transfer restriction that may be lifted by board resolution, resulting in Horikiri holding 53.6% of PicoCELA’s 74,614,207 outstanding common shares and consolidating insider control of the wireless mesh specialist ahead of 2026.
More about PicoCELA, Inc. ADR
PicoCELA Inc. is a Tokyo-based provider of enterprise wireless mesh solutions, specializing in the manufacturing, installation and servicing of mesh Wi-Fi access point devices. Its proprietary PicoCELA Backhaul Engine software enables cable-free, flexible deployment of Wi-Fi networks, complemented by its PicoManager cloud portal, which supports network monitoring, traffic management and edge-computing applications on its PCWL mesh access points, targeting enterprise customers that require scalable, easily installed wireless infrastructure.
Average Trading Volume: 20,218,058
Technical Sentiment Signal: Strong Sell
Current Market Cap: $8.91M
Learn more about PCLA stock on TipRanks’ Stock Analysis page.