Astroscale Holdings Inc. announced that it expects to receive ¥30.599997992 billion in funding from Hulic Co., Ltd., SKY Perfect JSAT Corporation and other investors.

Astroscale Holdings Inc. has announced a private placement to issue Zero Coupon Convertible Bonds of the company for the gross proceeds of ¥10,000,000,000, 2,523,473 new shares at the price of ¥1,704 for the gross proceeds of the ¥4,299,997,992 and Series 1 Unsecured Convertible Bonds for the gross proceeds of ¥16,300,000,000 and for an total aggregates of ¥30,599,997,992 on May 19, 2026. The transaction involves the new and returning investor participation of Hulic Co., Ltd. for shares and ¥16,300,000,000 bonds and SKY Perfect JSAT Corporation for shares and involvement of international investors for zero coupon bonds. The transaction will happen through third party allocation.

The actual number of shares to be issued will be determined by a resolution of the Company?s Board of Directors on May 20, 2026. The transaction is approved by the board of directors. The transaction is expected close on June 5, 2026.

The company paid issuance fee of ¥600,997,992 and received net proceeds of ¥29,999,000,000. The conversion price of the Zero Coupon Convertible Bonds Due 2029 through International Offering is ¥ 2,208 and Series 1 Unsecured Convertible Bonds through Third-Party Allotment is of ¥ 2,208.