GENDA has announced plans to raise approximately 9.9 billion yen (around $69 million) through the issuance of 5.18 million new shares. The capital increase will be managed by Citigroup Global Markets, Mizuho International, and SBI Securities as active bookrunners and joint lead managers, with SMBC Nikko Capital Markets acting as a passive bookrunner and joint lead manager. The share price calculation is based on the closing price as of July 12.
The raised funds are earmarked exclusively for future M&A activities, with GENDA aiming to establish a significant presence in the entertainment sector by the end of July 2025. This strategic move aligns with the company’s vision to create a robust entertainment economic sphere.
In a related transaction, Midas Capital G Fund Limited Liability Partnership plans to sell 1 million shares. The pricing for both the new share issuance and the Midas Capital shares will be determined between July 17 and July 22. This dual approach not only aims to fortify GENDA’s capital structure but also underscores its aggressive expansion strategy in the global entertainment market, focusing on Europe and Asia, while excluding North America.
