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Noile-Immune Biotech completes payment for warrants covering 10 million shares

Mon, Oct 05, 2026 16:00 JST Noile-Immune Biotech Inc. (4893.T) Biotechnology 中文

Noile-Immune Biotech Inc. (4893) said on Oct. 5 it has received full payment of ¥1.4 million for its 14th series of stock acquisition rights with an exercise price adjustment clause, allotted to Okasan Securities Co., Ltd., covering up to 10 million shares and expected to raise an estimated net ¥1,349.4 million.

Estimated net proceeds¥1,349.4 million
Potential shares10 million shares
Initial / floor exercise price¥136 / ¥81
Exercise periodFrom the bank business day after allotment through Oct. 5, 2028

The rights were approved by the board on Sept. 18, 2026, and allotted on Oct. 5. The company issued 100,000 units at ¥14 each, with each unit convertible into 100 shares. The company is listed on the Tokyo Stock Exchange Growth market.

ItemFigure
Units issued100,000
Issue price¥14 per unit (¥1.4 million total)
Potential shares10 million
Initial exercise price¥136
Floor exercise price¥81
Estimated net proceeds¥1,349.4 million

The initial exercise price of ¥136 equals the TSE closing price on the trading day before the resolution date. The price will be reset to 95% of the TSE closing price on the trading day before each exercise takes effect, rounded down to the nearest yen, whenever that figure differs from the prevailing exercise price by ¥1 or more, subject to the ¥81 floor. There is no cap on the exercise price, and the number of potential shares stays at 10 million even at the floor.

The estimated proceeds assume all rights are exercised at the initial price, net of estimated issuance costs. Actual proceeds will rise or fall with the exercise price and will shrink if rights go unexercised or if the company acquires and cancels them.

Under the allotment agreement, the company may designate periods during which Okasan cannot exercise the rights. While any rights remain outstanding, the company may not issue shares, stock acquisition rights or securities convertible into or granting the right to acquire them for 180 days after the agreement date without Okasan's prior written consent. Transfers of the rights require board approval.

The rights are exercisable from the bank business day following the allotment date, inclusive, through Oct. 5, 2028.


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