Micware Co., Ltd.

F-1/A amended

Micware Co., Ltd. has filed an updated F-1/A registration statement for its initial public offering (IPO) of 3,750,000 American Depositary Shares (ADSs), representing 3,750,000 ordinary shares. The filing includes revised financial disclosures, updated underwriting terms, and adjustments to the share structure, including a 241-for-1 share split effective March 31, 2026. The company remains an emerging growth company subject to reduced reporting requirements and highlights risks related to market volatility, regulatory compliance, and reliance on key clients.

F-1 filed

Micware Co., Ltd. is conducting an initial public offering (IPO) of 3,750,000 American Depositary Shares (ADSs), each representing one ordinary share, with an expected price range of $7.00 to $9.00 per ADS. The filing includes detailed financial projections, underwriting terms, and risk factors. The company, structured as a holding company, relies on its subsidiaries for operations and cash flow. The IPO aims to list ADSs on Nasdaq under the symbol MWC, though approval is not guaranteed. The filing also outlines dilution effects for existing and new shareholders.

DRS/A amended

Micware Co., Ltd. has filed a DRS/A registration statement for its initial public offering (IPO) of American Depositary Shares (ADSs) representing ordinary shares. The filing outlines the company's structure as a holding company with subsidiaries engaged in software development, IVI/GPS services, IoT logistics, and cloud solutions. Key details include an expected IPO price range, underwriting terms, and risks related to its holding company structure, reliance on subsidiaries, and Nasdaq listing approval. The filing also highlights recent acquisitions and a share split effective March 1, 2024.

DRS/A amended

Micware Co., Ltd. filed a confidential draft registration statement (DRS/A) on November 28, 2025, for its initial public offering (IPO) of American Depositary Shares (ADSs). The filing outlines the company's structure as a holding company with subsidiaries focused on IVI/GPS software, automotive solutions, and mobility services. The IPO aims to raise capital through a firm commitment offering, with ADSs expected to be listed on Nasdaq. The filing highlights risks related to the company's holding structure, reliance on subsidiaries, and lack of a public market for shares.

DRS filed

Micware Co., Ltd. has submitted a confidential draft registration statement (DRS) for an initial public offering (IPO) in the U.S., transitioning to a holding company structure with multiple subsidiaries focused on software development, IVI/GPS systems, IoT logistics, and mobility solutions. The filing outlines an offering of American Depositary Shares (ADSs) representing ordinary shares, with an expected price range of $[ ] to $[ ] per ADS. The company plans to list on Nasdaq under the symbol [*], though listing approval is not guaranteed. The offering is subject to risks including market volatility, dependency on subsidiaries, and uncertainties in pro forma financial projections.