Siren Marine, Inc. announced that it expects to receive funding from Yamaha Motor Co., Ltd., and other investors
March 02, 2021
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Siren Marine, Inc. announced that it will issue series A preferred stock at a price of $114.69 per share on March 3, 2021. The transaction will include participation from Yamaha Motor Co., Ltd.. The shares carry non-cumulative fixed dividend rate of 8% per share.
The shares will be convertible into common shares at a fixed conversion price of $114.69 per share. The company will receive $5,000,000 pursuant to exemption provided under Regulation D.
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).
YAMAHA MOTOR CO., LTD. 
