- On **July 28, 2025**, PicoCELA Inc. entered into agreements to issue **1,298,702 common shares** to MCC Venture Capital Limited Liability Company and You Planning Limited Liability Company.  **[2018462_0001641172-25-026049_ex99-1.htm:0]** 
- The shares were issued at a price of **JPY77 (or $0.52)** per share, raising an aggregate of **JPY100,000,054 (or $673,764)** in equity capital.  **[2018462_0001641172-25-026049_ex99-1.htm:0]** 
- The issuances closed on **August 18, 2025**, and the shares are subject to a **six-month restriction** on transfer or resale.  **[2018462_0001641172-25-026049_ex99-1.htm:0]** 
- As of **August 18, 2025**, MCC holds **5.6%** and You Planning holds **3.7%** of PicoCELA's outstanding common shares.  **[2018462_0001641172-25-026049_ex99-1.htm:0]**

PicoCELA Issues Restricted Common Shares

- PicoCELA Inc. (PCLA) received a **Nasdaq Notification Letter** on **August 26, 2025**, for non-compliance with the **minimum bid price requirement** (Nasdaq Listing Rule 5550(a)(2)).  **[2018462_20250829LN61577:0]** 
- The deficiency is due to the company's American Depositary Shares (ADSs) closing below **US$1.00** for **30 consecutive business days** from **July 15, 2025, to August 25, 2025**.  **[2018462_20250829LN61577:0]** 
- The company has **180 calendar days**, until **February 23, 2026**, to regain compliance by maintaining a closing bid price of at least **US$1.00** for a minimum of **10 consecutive business days**.  **[2018462_20250829LN61577:0]** 
- PicoCELA is considering options, including a **reverse share split**, to regain compliance, though the notification currently **does not impact** its Nasdaq Capital Market listing or operations.  **[2018462_20250829LN61577:0]**

PicoCELA (PCLA)