DIGITAL HEARTS HOLDINGS Co., Ltd.
DIGITAL HEARTS HOLDINGS Co., Ltd. announces results of the tender offer by Sandbox for our shares and changes in parent company, principal shareholder (excluding the parent) and major shareholders
Sandbox's tender offer has been successful, with settlement start date on September 30, 2026. Sandbox becomes the new parent company, principal shareholder, and major shareholder, with Mr. Miyazawa transitioning to a controlling shareholder. Delisting procedures and timing to be discussed going forward. The offer is a cash purchase, with the offer price at 1,060 yen. The total number of shares tendered is 11,187,236 shares, exceeding the lower bound of the planned tender size, and all shares will be acquired.
Key Figures
- Total number of shares tendered: 11,187,236 shares
- Lower bound of tender: 5,922,743 shares
- Tender price: 1,060 yen
AI要約
TOB Completion and Acquisition of Shares
Sandbox's tender offer has been concluded as the total number of shares tendered exceeded the lower bound of the planned tender size, with the tender period from August 7, 2026 to September 24, 2026, and the settlement start date set for September 30, 2026. The bid is cash-based, and payments will be promptly made to tendering shareholders after the settlement start date.
Shareholder structure changes and future policy
As a result of the change, Sandbox becomes the parent company and a major shareholder, and Mr. Miyazawa will transition to a controlling shareholder. Mr. Miyazawa intends to tender a portion of his 65% stake. Delisting procedures and timing will be discussed following the TOB execution, with the timing to be announced separately.
DIGITAL HEARTS HOLDINGS Co., Ltd.
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