#Japan #Tokyo #Pixie Dust Technologies #Suzuyo #D1 Shares

Pixie Dust Technologies Secures New Equity Financing

On January 15, 2025, Pixie Dust Technologies, Inc., a technology enterprise based in Japan, declared its intention to pursue new equity financing aimed at bolstering its innovative product development in wave control technology. The company has resolved to issue two Class D1 Preferred Shares, distributing one share each to its esteemed partners, Suzuyo Co., Ltd. and Suzuyo Shoji Co., Ltd. This move is anticipated to raise an impressive total of 1.5 billion yen.

The specifics of the share issuance include an impressive issue price of 750,000,000 yen per share. The funding obtained from the sale of these shares will be utilized primarily for repaying an existing loan from Suzuyo Group Finance Co., Ltd. This financial maneuver underscores Pixie Dust Technologies' strategic position as it navigates the competitive landscape and continues to innovate in the tech sector.

The issuance of the D1 Shares is set to occur in compliance with the securities regulations outlined in Section 4(a)(2) of the Securities Act of 1933 and Rule 903 of Regulation S, ensuring that Pixie Dust Technologies adheres to legal stipulations while facilitating this vital funding. However, before the issuance can take place, a crucial amendment of the company's articles of incorporation is required and is slated for discussion at the upcoming shareholders meeting on February 18, 2025.

Financing Overview

The equity financing consists of the following key details:

• - Issued Securities: D1 Shares
• - Number of Issued Securities: 2
• - Issue Price: 750,000,000 yen per share
• - Total Issue Amount: 1,500,000,000 yen
• - Payment Period: From February 19, 2025, to March 31, 2025
• - Use of Proceeds: Repayment of the loan from Suzuyo Group Finance Co., Ltd.

The formal terms governing the D1 Shares will be integrated into the company's amended articles of incorporation, subject to the shareholders' approval at the forthcoming meeting.

Looking Ahead

The announcement also included cautionary notes regarding forward-looking statements, indicating that actual future events may vary significantly from initial projections presented in this press release. This typical disclaimer highlights potential market uncertainties and external variables beyond the company’s control, such as economic conditions and market trends, which could impact performance and operations.

As Pixie Dust Technologies moves forward, it remains focused on leveraging newly raised funds to sustain its growth trajectory while innovating cutting-edge wave control technologies that are poised to revolutionize various sectors, reflecting its commitment to technological advancement and market leadership.

For more details, stakeholders are encouraged to refer to the latest filings and documentation, particularly the company's Form 6-K, which will provide clarity on the meeting and share issuance process.

In conclusion, the new equity financing by Pixie Dust Technologies not only presents a significant boost to its financial capabilities but also underscores the company's strategic partnerships and commitment to advancing innovative technologies in the market.