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Notification concerning the purchase of shares of Artisense Corporation, a computer vision company

01.27.2020

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Notification concerning the purchase of shares of Artisense Corporation, a computer vision company

〜Notification concerning the purchase of shares of Artisense Corporation, a computer vision company with its origins in the Technical University of Munich in Germany, for the purposes of acquiring Artisense as a subsidiary, and the issuance of new shares as a third-party allocation〜

 

At today’s Kudan Inc. Board of Directors’ Meeting, a resolution was passed stipulating that Kudan Inc. (hereafter “Kudan”) is to make an initial purchase of shares of Artisense Corporation (headquarters in California, USA; CEO Andrej Kulikov; henceforth in this document as “Artisense”), a holding company of the Artisense Group, to be followed in several stages by the purchase of the remaining shares of the company so that Artisense will be acquired as a subsidiary of Kudan. (This acquisition will be referred to henceforth in this document as “the Purchase.”)

 

It was also decided at the same Board of Directors’ Meeting that a stock issuance registration would be filed on today’s date for new Common Shares of Kudan to be issued to the shareholders of Artisense in the future as a third-party allocation, as partial payment for the Purchase. (This stock issuance will be referred to henceforth in this document as the “the Stock Issuance.”)


For more information, please find below.


https://contents.xj-storage.jp/xcontents/AS02977/9b3f70fe/b143/4ef4/8b93/04c4c9a5aa11/20200127181154578s.pdf

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