Pixela Corporation (TSE:6731) agreed to acquire 39% stake in OX Consulting 2 Co., Ltd from Yasuo Hara for ¥3.9 million on July 12, 2018. Under the terms, Pixela Corporation will acquire 390 shares of OX Consulting 2 Co., Ltd. OX Consulting 2 Co., Ltd will use the payment for divestment consideration in operating capital as funds and will issue convertible bonds with warrants with a subscription amount of ¥59.51 million to the Pixela Corporation. After the warrants portion of these convertible bonds have been exercised, Pixela Corporation’s stake in OX Consulting 2 Co., Ltd will become 77%. OX Consulting 2’s name will be changed to OX Consulting, Inc. and the old OX Consulting, Inc.’s name will be changed to something other than the current name. Pixela Corporation (TSE:6731) cancelled the acquisition of 39% stake in OX Consulting 2 Co., Ltd from Yasuo Hara on July 12, 2019.