PicoCELA announces extraordinary shareholder meeting

Shareholders will also vote to elect two directors who are not members of the audit and supervisory committee.

PicoCELA set an extraordinary shareholders meeting for June 18, 2026 at Hamacho Community Center in Tokyo.

Shareholders will vote on amendments to the articles, including raising authorized Class A preferred shares to 20,000,000 from 5,000,000.

The changes also reset the Class A preferred conversion ratio to 1 common share from 5, with a 2-for-1 trigger at $0.5.

A separate resolution seeks approval to delegate issuance of up to 20,000,000 Class A preferred shares via third-party allotment at a minimum US$0.25 each.