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Micware Co., Ltd., a Japan-based provider of software development services and IT solutions focused on the automotive and mobility sectors, has priced an upsized initial public offering of 2,850,000 American Depositary Shares (ADSs) at US$8.00 per ADS. Each ADS represents one ordinary share of the company.
The ADSs have been approved for listing on the Nasdaq Global Market and are expected to begin trading on May 14, 2026 under the ticker symbol MWC. Micware expects to receive aggregate gross proceeds of US$22.8 million from the offering, before underwriting discounts and offering expenses. The offering is expected to close on or about May 15, 2026, subject to customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole book-running manager for the offering.
In addition to the ADSs sold in the offering, the underwriters have been granted a 45-day option to purchase up to an additional 427,500 ADSs to cover over-allotments, if any, at the public offering price, less underwriting discounts.
Micware said proceeds from the offering will be used for:
Micware noted that a registration statement on Form F-1 (File Number: 333-294081), as amended, related to the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on May 13, 2026. A registration statement on Form F-1 filed pursuant to Rule 462(b) of the Securities Act of 1933 became effective on May 13, 2026.
The company said the offering is being made only by means of a prospectus forming part of the effective registration statements. Electronic copies of the final prospectus may be obtained via the SEC website at www.sec.gov, or from A.G.P./Alliance Global Partners at 590 Madison Avenue, 28th Floor, New York, NY 10022, by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
Micware Co., Ltd. is a Japan-based provider of software development services and IT solutions mainly focused on the automotive and mobility sectors. The company develops and sells IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications.
Founded in 2003, Micware said it has built more than 20 years of experience in automotive software and has long-term relationships with major original equipment manufacturers (OEMs) in Japan, including Honda Motor Co., Ltd. and Toyota Motor Corporation. Micware reported it was ranked 9th among Japan-based Tier 1 suppliers in the IVI market in terms of revenue as of February 28, 2024, according to an industry report titled IVI, Automotive Navigation System and Digital Mapping Market commissioned by the company and prepared by Frost & Sullivan.
The company operates across Japan through six operating entities and 12 branch offices, and it has established subsidiaries in the United States, Thailand, and Germany for overseas operations.
Micware included standard forward-looking statement language, noting that certain statements in the press release relate to the proposed offering and intended use of proceeds and involve risks and uncertainties. The company said it undertakes no obligation to update or revise forward-looking statements except as required by law.
Micware Co., Ltd., Investor Relations Department: mic_ir@micware.co.jp
Ascent Investor Relations LLC: Tina Xiao, +1-646-932-7242, investors@ascent-ir.com
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