ispace ¥8.9bn international share offering
Lunar lander company ispace sold new shares to investors outside Japan, mainly to fund its US subsidiary's Mission 3 lander, relay satellites and launch.
- Company
- ispace
- Type
- Equity raise
- Status
- Completed
- Date
- 28 Mar 2024
- Value
- JPY 8.93bn
- US$ equivalent
- US$59m
- Value basis
- 10,250,000 new shares at ¥871 (¥8.93bn gross; ¥8.36bn paid to the company at ¥815.39 a share), a 9.93% discount
- Region
- Japan
- Segment
- Listed equity
Parties
- ispace issuer
Key terms
- Offer price
- ¥871, a 9.93% discount to the ¥967 close on 25 Mar 2024
- Size
- Cut from up to 20.6m to 10.25m shares at pricing
- Format
- Offering outside Japan only, Rule 144A in the US; sole bookrunner
- Use of proceeds
- About ¥7.07bn into ispace technologies U.S. for Mission 3 (lander, two relay satellites, Falcon 9 launch)
Sources
- ispace TDnet notice: issuance of new shares through an international offering d2xlcgjnpyakn4.cloudfront.net · 13 Mar 2024
- ispace TDnet notice: determination of issue price and other matters d2xlcgjnpyakn4.cloudfront.net · 25 Mar 2024
Record ORB-INV-2024-0018. Investments are kept apart from the financings register and never counted in debt totals.
