Evo Fund managed by Evolution Capital Management, LLC completed the acquisition of 70.5% stake in Red Planet Japan, Inc. from Red Planet Holdings Pte. Ltd..
September 15, 2022
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Evo Fund managed by Evolution Capital Management, LLC made an offer to acquire Red Planet Japan, Inc. (TSE:3350) from Red Planet Holdings Pte. Ltd. for approximately ¥450 million on August 19, 2022. The offer price shall be ¥11 per share of common stock and ¥1 per Company Stock Acquisition Right. The offeror shall acquire 40.7 million shares of Red Planet Japan. The offer period shall be from August 22, 2022 to September 16, 2022. Anderson Mori & Tomotsune LPC acted as legal advisor for the offeror. Shiomizaka acted as legal advisor for Red Planet Japan. Phillip Securities, Ltd. acted as tender offer agent.
Evo Fund managed by Evolution Capital Management, LLC completed the acquisition of 70.5% stake in Red Planet Japan, Inc. (TSE:3350) from Red Planet Holdings Pte. Ltd. on September 16, 2022. The minimum tender condition has achieved.
Metaplanet Inc is a Japan-based company mainly engaged in Web3 and metaverse related businesses. The Company is mainly engaged in core business, consulting business and investment business. The core business is the business of renovating and operating existing hotel assets into a portal site for the development, trading and support of products and services based on blockchain technology, and the development of internal projects and businesses related to Web3 and Metaverse. It also operates a platform providing digital products. The consulting business provides advice and consulting services for Web3 and metaverse projects for domestic and foreign companies and brands. The investment business invests in domestic and overseas companies, projects and digital assets related to Web3 and metaverse.
Evo Fund managed by Evolution Capital Management, LLC completed the acquisition of 70.5% stake in Red Planet Japan, Inc. from Red Planet Holdings Pte. Ltd..
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