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The latest update is out from PowerX, Inc. ( (JP:485A) ).
PowerX, Inc. announced that Aqumen K.K., an asset management company, has become a major shareholder following the planned return of 1,258,200 lent shares related to the over-allotment portion of PowerX’s initial public offering on the Tokyo Stock Exchange Growth Market. Aqumen’s holdings will increase to 4,456,000 shares, representing 11.85% of total voting rights and maintaining its position as the second-largest shareholder, with the company stating that this change will not affect its management structure or business performance.
More about PowerX, Inc.
PowerX, Inc. is a Japan-based company listed on the Tokyo Stock Exchange Growth Market under code 485A. While the release does not describe its specific business operations, the company is positioned as a growth-oriented issuer attracting institutional investor participation around its initial public offering.
Average Trading Volume: 14,894,152
Learn more about 485A stock on TipRanks’ Stock Analysis page.