Nota to Raise New Capital Via IPO, Secondary Share Sale

MT Newswires Live11-06

Nota (TYO:673A) said it plans to raise new capital through an initial public offering and a secondary share sale on the Tokyo Stock Exchange's Growth Market, with listing scheduled on Dec. 9, according to a Tokyo bourse filing on Friday.

The Japan-based company said that the offering comprises over 5 million new shares and a secondary distribution of 12.2 million existing shares and the placement of an additional 2.6 million shares under an over-allotment scheme.

The offering price will be determined on Nov. 30, with the share subscription scheduled between Dec. 1 and Dec. 4, and payment and settlement planned on Dec. 8 and Dec. 9, respectively.

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