KOBE, Japan, May 13, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (the "Company" or "Micware"), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced the pricing of its upsized initial public offering (the "Offering") of 2,850,000 American Depositary Shares ("ADSs") at a public offering price of US$8.00 per ADS. Each ADS represents one ordinary share of the Company. The ADSs have been approved for listing on the Nasdaq Global Market and are expected to commence trading on May 14, 2026 under the ticker symbol "MWC." The Company expects to receive aggregate gross proceeds of US$22.8 million from the Offering, before deducting underwriting discounts and offering expenses. The Offering is expected to close on or about May 15, 2026, subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as sole book-running manager for the Offering.

In addition to the ADSs sold in the Offering, the Company has granted the underwriters a 45-day option to purchase up to an additional 427,500 ADSs to cover over-allotments, if any, at the public offering price, less underwriting discounts.

Proceeds from the Offering will be used for: (i) Dynamic Street Map & Market Place ("DSMM") project and the expansion of the Company's proprietary in-vehicle infotainment ("IVI") software platform, micAuto-PF; (ii) general corporate purposes; (iii) strategic investments within the Company's Software Defined Vehicles (SDV) and Location-Based Services (LBS) segments, other than the DSMM and micAuto-PF-related initiatives, that offer complementary technologies, services, or market access to strengthen the Company's competitive position; and (iv) marketing and advertising.

A registration statement on Form F-1 (File Number: 333-294081), as amended, relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on May 13, 2026, and a registration statement on Form F-1 filed ...