{"id":30939,"date":"2026-02-25T14:06:49","date_gmt":"2026-02-25T05:06:49","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/4384-20260225-01_wp_tender_offer\/"},"modified":"2026-02-25T14:06:49","modified_gmt":"2026-02-25T05:06:49","slug":"4384-20260225-01_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260225-01_wp_tender_offer\/","title":{"rendered":"(Amendment) Partial Change Regarding &#8220;Notice on the Implementation and Recommendation of Tender Offer for MBO&#8221;"},"content":{"rendered":"<p>R1 Inc. has extended the tender offer period for Raksul Inc. shares until March 10, 2026, conducting the purchase at a premium price of 1,900 yen per share. It also announced the conclusion of a subscription agreement with Keyrock Capital Master Fund, Ltd (8.72% ownership).<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"4384","jir_company_name":"Raksul Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/4384-20260225-01.pdf","jir_short_summary":"R1 Inc. has extended the tender offer period for Raksul Inc. shares until March 10, 2026, conducting the purchase at a premium price of 1,900 yen per share. It also announced the conclusion of a subscription agreement with Keyrock Capital Master Fund, Ltd (8.72% ownership).","jir_summary":"### Overview and Changes of the Tender Offer\nR1 Inc. commenced a tender offer for shares of Raksul Inc. on December 12, 2025, extending the tender offer period until March 10, 2026. The tender offer price is 1,900 yen per share, representing approximately a 52% premium over the closing price on the Tokyo Stock Exchange Prime Market. As part of this change, R1 Inc. has concluded a subscription agreement to tender all shares owned by Keyrock Capital Master Fund, Ltd, which holds 8.72% of shares, thereby deciding to apply all these shares to the tender offer.\n\n### Subscription Agreements and Future Schedule\nIn addition to the subscription agreement with Aspex Opportunity Master Fund (holding 4.47%), the tender offeror has also signed a subscription agreement with Keyrock Capital Master Fund, Ltd. This guarantees that all shares owned by both parties will be tendered, increasing the likelihood of the tender offer\u2019s success. After the tender offer period ends, subject to fulfillment of conditions, a squeeze-out procedure will be conducted aiming for complete acquisition of all shares. The settlement start date has been rescheduled to March 17, 2026.","jir_financial_highlights":"Tender Offer Price: 1,900 yen (52.00% premium over the Tokyo Stock Exchange Prime Market closing price of 1,250 yen)\nTender Offer Period: From December 12, 2025 to March 10, 2026 (55 business days) (Extension (originally until March 9, 2026, 54 business days))\nShares Owned by Keyrock Capital Master Fund, Ltd: 5,194,900 shares (New subscription agreement concluded)","jir_category":"","jir_hashtags":"#RaksulInc, #TenderOffer, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 1,900 yen (52.00% premium)\nTender Offer Period: December 12, 2025 - March 10, 2026 (55 business days)\nKeyrock Owned Shares: 5,194,900 shares (8.72%)","jir_meta_title":"R1 Inc. Extends Tender Offer Period for Raksul Inc. Shares at 1,900 Yen","jir_meta_description":"R1 Inc. has extended the tender offer period for Raksul Inc. shares until March 10, 2026, and announced the signing of a subscription agreement with Keyrock Capital Master Fund, Ltd. The purchase is conducted at a premium price of 1,900 yen per share.","jir_og_title":"Notice of Tender Offer Period Extension and Subscription Agreement for Raksul Inc.","jir_og_description":"R1 Inc. has extended the tender offer period for Raksul Inc. shares and signed a subscription agreement with Keyrock Capital Master Fund, Ltd. The purchase price is 1,900 yen per share.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9482,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-30939","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>(Amendment) Partial Change Regarding &quot;Notice on the Implementation and Recommendation of Tender Offer for MBO&quot; - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260225-01_wp_tender_offer\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260225-01_wp_tender_offer\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260225-01_wp_tender_offer\/\",\"name\":\"(Amendment) Partial Change Regarding \\\"Notice on the Implementation and Recommendation of Tender Offer for MBO\\\" - 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