About Investment Converts 5M Preferred Shares to Common; Insiders Return 5M Restricted Shares
PCLA has more than doubled off its 52-week low of $1.35.
Summary
About Investment converted 5 million preferred shares into common shares, while insiders returned 5 million restricted shares to the company, reducing potential dilution.
Key Events · Ownership and Investor Activity · PCLA
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Preferred Share Conversion
About Investment converted 5,000,000 Preferred Shares into 5,000,000 Common Shares on September 30, 2026, the first conversion under the July 2026 agreement.
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Insider Share Returns
Chairman Hiroshi Furukawa returned 1,166,666 restricted shares and COO Hideaki Horikiri returned 3,833,334 restricted shares to the company for no consideration on September 30, 2026.
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Transfer Restriction Reduced
The board reduced the transfer restriction period on restricted shares from 20 years to 10 years on September 28, 2026.
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Post-Transaction Share Count
After these transactions, 9,613,805 Common Shares and 15,000,000 Preferred Shares are outstanding, totaling 24,613,805 voting rights.
Analysis · PCLA · Manufacturing
About Investment converted 5 million preferred shares into 5 million common shares on September 30, 2026, the first conversion under the July 2026 preferred share purchase agreement. This increases the investor's common share position and voting power. Separately, the board cut the transfer restriction period on restricted shares from 20 years to 10 years, and Chairman Hiroshi Furukawa and COO Hideaki Horikiri returned a combined 5 million restricted shares to the company for no consideration, reducing potential dilution. The company now has 9,613,805 common shares and 15,000,000 preferred shares outstanding, totaling 24,613,805 voting rights.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PCLA was trading at $6.72 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $64.8M. The 52-week trading range was $1.35 to $19.61. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.