G-Tekt announces major share offering by Honda

G-Tekt Corporation announced an offering of 3,500,000 shares of its common stock, with Honda Motor Co., Ltd. as the selling shareholder. The offering price will be determined between December 15 and December 18, 2025, based on 0.90 to 1.00 times the closing price on the Tokyo Stock Exchange, with any fractional yen amounts rounded down. Nomura Securities Co., Ltd. will act as the lead underwriter, joined by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. as co-lead underwriter.

In addition to the primary offering, an over-allotment option of up to 525,000 shares will be offered by Nomura Securities Co., Ltd., borrowing shares from G-Tekt's existing shareholders. Both the main offering and the over-allotment aim to boost G-Tekt’s free float ratio, increase market recognition, diversify its investor base, and improve stock liquidity, ultimately enhancing corporate value.

All selling shareholders, including Honda Motor Co., Ltd., and G-Tekt itself, have agreed to a 90-day lock-up period starting from the pricing determination date. G-Tekt will remain an equity-method affiliate of Honda Motor Co., Ltd. post-offering, maintaining their business collaboration.