Micware Acquired | Technology M&A Deal

Micware acquisition: Micware Co., Ltd. has priced its upsized initial public offering, a enterprise software business in Japan, for US$22.8 million. Micware provides software development services and innovative IT solutions focused on automotive and mobility, including in-vehicle infotainment (IVI) software and location-based services (LBS). The company is expanding its proprietary micAuto-PF platform and developing the Dynamic Street Map & Market Place (DSMM) project to support software defined vehicles (SDV) use cases. The announced offering sells 2,850,000 American Depositary Shares at US$8.00 per ADS, with Nasdaq Global Market listing expected under ticker MWC and a May 15, 2026 close target. A.G.P./Alliance Global Partners serves as sole book-running manager, and proceeds are earmarked for DSMM, micAuto-PF expansion, general corporate purposes, and strategic investments tied to other acquisition opportunities.