Infroneer Holdings Inc. Series 1 Bond-Type Class Preferred Shares

Infroneer Holdings Inc. Series 1 Bond-Type Class Preferred Shares are a unique class of hybrid equity instruments designed to expand capital resources for the company while limiting dilution for existing shareholders. Reflecting characteristics of both bonds and preferred stocks, these securities provide fixed preferred dividends at a specified annual rate through March 31, 2030, after which terms may adjust as outlined in the issuance details. Notably, these shares are non-participating, meaning holders are entitled solely to the defined preferred dividends and do not share in further company profits beyond this predetermined amount. The structure excludes voting rights, making them attractive for investors focused on income and capital stability rather than corporate control. Key features include their book-entry status under Japanese law, high equity credit treatment by rating agencies, and function in broad capital structure management. The proceeds from their issuance are intended to support Infroneer Holdings’ extensive activities in infrastructure development, including construction, civil engineering, machinery manufacturing, and renewable energy projects, underscoring the asset’s significance in funding Japan’s critical infrastructure sectors.