Pixie Dust Technologies Announces Equity Financing
Summary
Pixie Dust Technologies, Inc., a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave control technology, today announced its new equity financing.New equity financingOn January 15, 2025, Pixie Dust Technologies, Inc. (the Company) resolved to issue two (2) Class D1 Preferred Shares (D1 Shares), by allotting one (1) D1 Share to Suzuyo&Co.,Ltd. (Suzuyo) and one (1) D1 Share to Suzuyo Shoji CO.,LTD (Suzuyo Shoji), for a total subscription amount of 1.5 billion yen.The issuance of shares of the D1 Shares will be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 903 of Regulation S promulgated thereunder. Further, the issuance of the D1 Shares is subject to the amendment of articles of incorporation, which will be sought at the shareholders meeting scheduled to take place on February 18, 2025.An overview of this equity financing is as follows:The terms and conditions of the D1 Shares will be provided in the articles of incorporation of the Company, which will be amended through the resolution of the shareholders meeting scheduled to take place on February 18, 2025.Please refer to the convocation notice for further information, which has been provided in the Form 6-K of the Company filed as of January 15, 2025.