On January 21, 2025, MEDIROM Healthcare Technologies Inc. announced the completion of all corporate capital registration procedures under Japanese law. This formalizes the company’s public offering of 2,860,000 common shares represented by American Depositary Shares.
The offering generated gross proceeds of approximately $5 million, which MEDIROM intends to use for working capital and general corporate purposes. These purposes may include investments, acquisitions, or strategic collaborations to expand its customer base and market new services.
The completion of this registration signifies the final legal step in the equity raise, solidifying the company's financial position for future growth initiatives. This capital infusion is expected to support MEDIROM's strategic evolution into a holistic healthcare technology provider.
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