PicoCELA to sell 2.531M shares at 55c to Nikken in private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
0mins
Share Subscription Agreement: PicoCELA has entered into a share subscription agreement with Nikken Lease Kogyo to issue 2.531 million common shares at 55 cents each, totaling $1.4 million, aimed at developing new products.
Share Restrictions: The issued shares are subject to an 18-month restriction on transfer, conversion into American Depository Shares, or resale in the U.S. stock market.
Analyst Views on PCLA
About PCLA
Picocela Inc is a Japan-based company mainly engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. The sales of product equipment business is engaged in the development of mesh Wi-Fi access point devices, PCWL series, utilizing the proprietary patented wireless mesh communication technology software PicoCELA Backhaul Engine (PBE), which enables wireless Wi-Fi and mesh communication by linking a chain of multiple wireless Wi-Fi access points by radio communication not by cabling. The Software as a Service (SaaS), maintenance and others business is engaged in the provision of a cloud portal service, PicoManager, which enables users to monitor connectivity and communication traffic at each of the mesh Wi-Fi access points. PicoManager also serves as a platform for customers to install their proprietary edge-computing software into PCWL series. The Company also license the patented wireless mesh technology to third-party manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
