Aug. 27 at 10:44 AM
$PCLA Entry into Material Definitive Agreement and Issuance of PicoCELA Inc.’s Class A Preferred Shares
" On July 14, 2026, PicoCELA Inc. entered into a Class A Preferred Share Purchase Agreement with a certain fundamental institutional investor (the “Investor”). Pursuant to the Purchase Agreement, the Company agreed to issue and sell 20,000,000 Class A preferred shares of the Company at the price of
$0.25, for gross proceeds of
$5,000,000.
On July 16, 2026, upon the Company’s receipt of the net proceeds of approximately
$4,449,975, the Investor obtained 20,000,000 Preferred Shares from the Company pursuant to the Purchase Agreement.
The Preferred Shares are convertible at the Investor’s election into one common share of the Company and each such Common Share will be represented by one American depositary share (the “ADS”)."
It's more than obvious what drives the sp higher.
The question is, when the investor will start to unload.
