TOYO Corporation (TSE:8151) signed letter of intent to acquire LEXI Co., Ltd. from JSR Corporation (TSE:4185) on February 8, 2023. TOYO Corporation (TSE:8151) entered into an agreement to acquire LEXI Co., Ltd. from JSR Corporation (TSE:4185) on February 13, 2023. As part of acquisition, TOYO will acquire 0.001 million shares of LEXI.

The deal is expected to close on March 31, 2023.