Picocela Inc., a Tokyo-based provider of enterprise wireless mesh solutions, has entered into a partnership with Nikken Lease Kogyo Co., Ltd., a company specializing in the sales and leasing of temporary construction materials and equipment. The collaboration involves a share subscription agreement where Picocela issued 2,531,645 common shares to Nikken at a purchase price of JPY79 per share, amounting to an aggregate of JPY199,999,955. This strategic move, completed on April 30, 2025, aims to facilitate a joint project focused on developing new products. Under the agreement, the shares issued to Nikken are restricted from being transferred or resold in the U.S. stock market for 18 months. As a result of this transaction, Nikken now holds 9.3% of Picocela's common shares.