On September 30, Solana Company, listed on NASDAQ, announced it would raise approximately $15 million (about 2.4 billion yen, based on an exchange rate of 1 USD = 157.38 JPY) through a registered direct offering to a single institutional investor. The company will issue 4,369,356 Class A common shares at a price of $3.433 per share. Payment is expected around October 1.
The issuance price is set at a level 5% above the company's net asset value (NAV) per share. The same number of shares...