Globalway, Inc. announced that it expects to receive ¥8.80245 million in funding from Milestone Capital Management Co., Ltd.
September 21, 2021
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Globalway, Inc. announced a private placement of 1,550 15th Stock Acquisition Rights at a price of ¥5,679 per right for gross proceeds of ¥8,802,450 on September 22, 2021. The transaction will include participation from Milestone Capital Management Co., Ltd. The number of potential shares to be issued upon exercise of the rights is 155,000 shares (100 shares per stock acquisition right). There is no maximum strike price. The minimum exercise price is the closing price of the common trading of the Company's common stock on the Tokyo Stock Exchange, Inc. on the trading day immediately before the board meeting held on September 22, 2021. The initial exercise price ¥3,083. The exercise period starts on October 8, 2021 and ends October 7, 2023. The company expects to close the transaction on October 8, 2021. The transaction was approved by the board of directors of the company.
Globalway,Inc. is a Japan-based company mainly engaged in social Web media business and business Web application business. The Company operates two business segments. The Social Web Media Business segment provides workplace media service, which engages in the operation of Internet information site to provide job Information and news articles based on mouth information, and recruiting service, which engages in providing the job applicants introductions to jobs companies. Business Web Applications Business segment engages in cloud area system introducing and software products development.