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Jun. 15, 2023 TSE Removal of grace period regarding not being a substantial surviving company due to merger, etc.: Stream Media Corporation
TSE notifies that the grace period of an issue pertaining to not being a substantial surviving company due to merger, etc. will be removed as follows.
*This decision is based on the results of the examination by Japan Exchange Regulation.
| １．Issue Name | Stream Media Corporation stock (Code: 4772, Market Segment: Growth Market) |
| ２．Date of Removal of Grace Period | Jun. 15, 2023 (Thu.) |
| Provision | Securities Listing Regulations, Rule 601, Paragraph 1, Item (5), Sub-item a (due to deeming the case as not falling under an inappropriate merger, etc.) |
| ３．Reason | Stream Media Corporation (hereinafter "the Company"), made SMEJ,Inc. (unlisted) its wholly-owned subsidiary as of Aug. 1, 2020 through an absorption-type merger. TSE deemed that the Company was not a substantial surviving company due to the absorption-type merger and the stock of the Company entered a grace period on the same day. After examining the Company's stock, TSE deemed that the Company satisfied criteria equivalent to the initial listing criteria and has today determined to remove the grace period. |
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