Solasia Pharma K.K. announced fund raising via issuance of unsecured straight bonds (Bond(s)) and warrants ("Warrant(s)) to Macquarie Bank Limited. Solasia looks to raise JPY 500 mn via issuance of the Bonds, plus JPY 1,673 mn via issuance of the Warrants (JPY 500mn of the exercise amount is planned to be utilized for redemption of the Bonds, hence actual total financing amount will be JPY 1,673 mn). The funds will be used for developing of SP-02 in China.

Payment Date March 4, 2024, Maturity Date March 3, 2027, Coupon: 1.0% per annum, Issue Price: JPY 100 per face value of JPY 100. Redemption Price: JPY 100 per face value of JPY 100. Methods of Redemption (1) Lump sum redemption at maturity (2) As a general rule, Solasia shall make prepayments every calendar month to the extent of the cumulative amount paid by the Allottee to Solasia by exercise of the Warrants.

The amount paid by the Allottee to Solasia by exercise of the Warrants is expected to be preferentially used for the redemption of the Bonds as long as the unpaid amount of the Bond remains. Allottee: Macquarie Bank Limited.