Synspective 5th series share acquisition rights (MS warrants)
Synspective raised ¥12.5bn through exercise-price-reset warrants placed with a Japanese securities house, funding StriX satellite production and launches.
- Company
- Synspective
- Type
- Equity raise
- Status
- Completed
- Date
- 13 Aug 2025
- Value
- JPY 12.53bn
- US$ equivalent
- US$84m
- Value basis
- ¥12.53bn raised from exercises; issued for up to ¥24.0bn (195,230 rights over 19,523,000 shares) and the unexercised rights were bought back and cancelled on 1 Dec 2025
- Region
- Japan
- Segment
- Listed equity
Parties
- Synspective issuer
Key terms
- Planned size
- ¥24.03bn at the ¥1,226 initial exercise price
- Exercise price
- Reset to 92% of the prior TSE close, floor ¥736
- Use of proceeds
- ¥16.2bn satellite manufacture and launch; ¥7.8bn working capital (Aug 2025 to Aug 2028)
- Outcome
- ¥12.53bn raised; remaining rights acquired and cancelled 1 Dec 2025
Sources
- Synspective TDnet notice: offering of the 5th series of share acquisition rights through third-party allotment www2.jpx.co.jp · 28 Jul 2025
- Synspective: notice of the 8th AGM, business report for FY2025 (status of financing) contents.xj-storage.jp · 12 Mar 2026
Record ORB-INV-2025-0028. Investments are kept apart from the financings register and never counted in debt totals.
