Raksul Inc.
Notice of Change to Tender Offer Conditions for Shares of Raksul Inc. (Securities Code: 4384) by R1 Corporation
Tender offer price raised from 1,710 yen to 1,900 yen per share and tender offer period extended to March 9, 2026. Announcement also made of subscription agreement with Aspex Opportunity Master Fund for 2,664,000 shares (4.47%).
Key Figures
- Tender Offer Price: 1,900 yen (raised from 1,710 yen)
- Tender Offer Period: December 12, 2025 – March 9, 2026 (54 business days)
- Shares Owned by Aspex Opportunity Master Fund: 2,664,000 shares (4.47%) Subscription agreement concluded for all shares
AI要約
Summary of Changes to Tender Offer Conditions
R1 Corporation has decided to increase the tender offer price for shares of Raksul Inc. from the previous 1,710 yen to 1,900 yen and to extend the tender offer period until March 9, 2026. The price increase is based on Goldman Sachs' reasonable investment criteria, providing favorable terms to the shareholders subject to the offer. It is also clearly stated that the tender offer price will be the final price and will not be changed going forward.
Contracts with Shareholders and Future Outlook
A subscription agreement has been concluded with Aspex Opportunity Master Fund (holding 2,664,000 shares, 4.47%) to tender all shares in this tender offer. Furthermore, based on tender offer agreements with Mr. Yo Nagami and Mr. Yasukatsu Matsumoto, their shares and stock acquisition rights are confirmed to be tendered. After the tender offer is successful, a squeeze-out procedure will be conducted to streamline the shareholder composition. As a result, the likelihood of the tender offer's completion is increased, providing shareholders with a reasonable opportunity to sell.
