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V-cube hits daily limit down amid \40 squeeze-out plan
V-cube, Inc. <3681> fell to its daily limit down, with a sell quotation at \70, down \50 from the previous trading day. The company released its financial results for the fiscal year ending December 2025 after the market close on the 31st. At the same time, V-cube announced that it would be unable to submit its annual securities report for the fiscal year by the March 31 deadline. The Tokyo Stock Exchange designated V-cube as a security under supervision (confirmation pending) on the same day due to the risk of delisting. Reflecting on its debt-excess situation for the second consecutive fiscal year, V-cube's board of directors decided on the same day to enter into a basic sponsor agreement with Japan Innovation Network Corporation (J-INC). The company disclosed that J-INC would establish a special purpose company (SPC) to which V-cube would issue preferred shares through a third-party allotment, followed by a squeeze-out via share consolidation. The squeeze-out price is set at \40 per share, and V-cube's stock price is converging toward this level.
Source: MINKABU PRESS
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