MRM

Private Placement Completion: MEDIROM MOTHER Labs has completed a private placement of new shares to its President and CEO, Yoshio Uekusa, and Director, Ryo Saito, as part of a ¥9 billion Series A funding round.

Business Expansion Goals: The company aims to enhance its management structure and decision-making processes by having its management team invest, which is expected to drive business responsibility and growth motivation.

Product Development Focus: With the capital increase, MEDIROM MOTHER Labs plans to strengthen its capital base to accelerate the development of upgraded versions of the MOTHER Bracelet and launch new products in the healthcare market.

Core Activities Overview: MEDIROM MOTHER Labs focuses on health tech, offering a health application called "Lav" and the MOTHER Bracelet, which provides customizable health management solutions across various sectors.

New Treasury Strategy: MEDIROM Healthcare Technologies Inc. has launched a treasury strategy that includes holding Worldcoin (WLD) as a reserve asset to diversify business activities and mitigate financial risks.

Incentive Program: The company plans to use the held WLD as incentives for users of its MOTHER Bracelet, a smart tracker, to encourage the collection of vital health data from patients with specific medical conditions.

Asset Composition: The reserve assets will primarily consist of WLD, with Ethereum (ETH) as a secondary asset, while maintaining a certain level of cash liquidity.

Transparency and Risk Management: MEDIROM commits to transparency in its treasury strategy and will conduct risk analyses at each board meeting before implementing any financial strategies involving cryptocurrency.

Private Placement Announcement: MEDIROM MOTHER Labs Inc. has approved a private placement of new shares to its President and CEO, Yoshio Uekusa, and Director, Ryo Saito, as part of its Series A financing round, valuing the company at JPY9 billion, with funding expected by the end of October.

Business Expansion Goals: The capital increase aims to strengthen MOTHER Labs' management structure and decision-making, facilitating the development of an upgraded wearable device, the MOTHER Bracelet, and enhancing product market entry strategies to drive growth in the healthcare and wellness sectors.