Hakuhodo DY amends DIGITAL HOLDINGS tender offer, ups price, extends period

Hakuhodo DY Holdings Inc. resolved on November 18, 2025, to amend its tender offer for DIGITAL HOLDINGS, INC. The minimum number of shares to be purchased has been changed from 7,572,454 (40.55% ownership) to 4,607,448 (24.67% ownership). Concurrently, the tender offer price per common share has increased from JPY 1,970 to JPY 2,015.

The purchase price for 9th series stock acquisition rights has been adjusted from JPY 79,100 to JPY 83,600, and for 10th series stock acquisition rights from JPY 95,400 to JPY 99,900. To provide shareholders with additional time to decide, the tender offer period has been extended until December 3, 2025, resulting in a total period of 54 business days. This amendment aims to increase the likelihood of the tender offer's successful completion.

The tender offeror believes these revised terms will address concerns regarding fairness and allow for a more informed decision-making process for shareholders and stock acquisition rights holders. The target company's board of directors continues to support the tender offer.