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PostPrime surges on limit-up as third-party allotment to Cybridge draws attention
PostPrime <198A> shares hit their daily limit-up on heavy buy orders. The rally followed the company's post-market announcement on Monday that it will issue 2,098,000 new shares at 143 yen per share to its largest shareholder, Tokyo-based Cybridge LLC, via a third-party allotment, alongside stock acquisition rights to the same entity. Buying was driven by anticipation of renewed business growth fueled by the capital injection. PostPrime plans to raise up to approximately 900 million yen on a net basis to fund working capital and M&A. The maximum potential equity dilution from the issuance is 57.50%.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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