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.