Gexeed seeks 6bn yen in third-party allotment, expands business scope

Gexeed has announced the issuance of its 10th series of stock acquisition rights through a third-party allotment to SINO PRIDE VENTURES LIMITED, aiming to raise a total of JPY 6,026,435,275. The allotment involves 22,988,500 shares and is subject to shareholder approval at an extraordinary general meeting on January 9, 2026, due to a dilution exceeding 25%. The proceeds will fund strategic investments, including JPY 3,500,000,000 for grid-connected battery storage, JPY 1,500,000,000 for M&A and capital business alliances, and JPY 1,002,000,000 for truck fund contributions.

Concurrently, Gexeed plans to amend its Articles of Incorporation to expand its business objectives. New business areas will include battery storage, solar power, other renewable energy businesses, cryptocurrency, and AI data center-related operations. The extraordinary general meeting on January 9, 2026, will address both the stock acquisition rights issuance and the proposed amendments, with the changes in the Articles of Incorporation scheduled to take effect on January 13, 2026.