MicroAd Sells ¥2.2bn Convertible Bond to Build an In-House AI System, Pairs It With a Buyback
MicroAd is funding an in-house AI system and acquisitions with ¥2.2bn in convertible bonds routed through an Aozora Bank-financed trust, then buying back shares from affiliate CyberAgent at ¥588 to soften potential dilution of 3.58 million new shares.