ALE co.ltd (Minato-ku, Tokyo; President and CEO: Dr.Lena Okajima; hereinafter “ALE”), whose mission is “Connecting Science to Society, Making Space a Cultural Realm,” announces it has completed a capital increase to advance future business initiatives. This includes new funding through J-KISS and a scheme incorporating debt-to-equity swap (DES).
Background of the Capital Increase
Since its founding, ALE has explored new possibilities for utilizing space through research and development of space technologies, including artificial shooting star technology. Building on these achievements, ALE is currently advancing discussions and preparations for future initiatives centered on its space entertainment business.
This capital increase was implemented to establish the necessary framework for steadily advancing these initiatives. Moving forward, ALE will continue to focus on its space entertainment business, originating from artificial shooting star technology, aiming to make space more accessible and culturally significant. The company will pursue step-by-step verification and business development.