Intrans funds GPU-server push with DSG bond and milestone warrants
After four straight annual net losses, Intrans said it will launch an AI data-centre business with DSG, starting with GPU-server procurement and sales in Japan from July 2026 to June 2029. To fund the move, it is combining ¥511mn from a February raise with a ¥300mn convertible bond to DSG, performance-linked warrants and separate paid stock options for directors and employees, which means much of the new money only arrives if sales hurdles are actually met.