Micware Co., Ltd. Announces Pricing of Upsized U.S. Initial Public Offering

Micware Co., Ltd., a Japanese software development and IT solutions provider focusing on the automotive and mobility sectors, announced the pricing of its upsized U.S. initial public offering. The company will issue 2,850,000 American Depositary Shares (ADSs) at a public offering price of $8.00 per ADS. Trading is expected to commence on the Nasdaq Global Market under the ticker symbol "MWC" on May 14, 2026. Gross proceeds are estimated at approximately $22.8 million. The funds will be primarily used to expand its Dynamic Street Map & Market Place (DSMM) project and proprietary in-vehicle infotainment (IVI) software platform micAuto-PF, as well as for general corporate purposes, strategic investments, and marketing activities.