BIKE O & COMPANY Ltd. (TSE:3377) concluded the share exchange contract to acquire GRACEAS Corporation for ¥5 million on April 20, 2018. Under the transaction, BIKE O & COMPANY Ltd. will allot 12.35 common shares for every 1 share of GRACEAS Corporation. BIKE O & COMPANY Ltd. will issue 0.25 million shares as a part of consideration. As of February 2018, GRACEAS Corporation reported total assets of ¥68 million and net asset of ¥7 million. Approval of the share exchange in the extraordinary shareholders’ meeting of GRACEAS Corporation planned on May 10, 2018. The transaction has been resolved by the Board of BIKE O & COMPANY Ltd. The transaction is expected to be completed on May 16, 2018. BIKE O & COMPANY Ltd. (TSE:3377) cancelled the acquisition of GRACEAS Corporation on April 20, 2019.