Warrantee Inc. Announces Pricing of Initial Public Offering

Winston & Strawn is representing Prime Number Capital LLC, as underwriter, in connection with Warrantee Inc., a Japanese marketing and market research technology company, in its announced pricing of its initial public offering of 2,400,000 American Depositary Shares (“ADSs”) at a public offering price of US $4.00 per ADS. Each ADS represents one common share of the Company. The ADSs have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on July 25, 2023 under the ticker symbol “WRNT.” The Offering is expected to close on or about July 27, 2023, subject to the satisfaction of customary closing conditions. Warrantee Inc. expects to receive aggregate gross proceeds of US$9.60 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 360,000 ADSs at the public offering price, less underwriting discounts.