As filed with the Securities and Exchange Commission
on September 3, 2025.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR
13(e)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
ABRDN JAPAN EQUITY FUND, INC.
(Name of Subject Company (issuer))
ABRDN JAPAN EQUITY FUND, INC.
(Name of Filing Person (offeror))
COMMON STOCK,
$0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
00306J109
(CUSIP Number of Class of Securities)
Lucia Sitar, Esq.
abrdn Japan Equity Fund, Inc.
c/o abrdn Inc.
1900 Market Street, Suite 200
Philadelphia, Pennsylvania 19103
Telephone: (215) 405-5773
(Name, Address and Telephone Number of Person Authorized
to Receive Notices
and Communications on Behalf of the Person(s) Filing
Statement)
Copy to:
Thomas C. Bogle, Esq.
William J. Bielefeld, Esq.
Dechert LLP
1900 K Street N.W.
Washington D.C. 20006
¨ Check
box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes to designate any transactions to which
this statement relates:
¨ third
party tender offer subject to Rule 14d-1
x issuer
tender offer subject to Rule 13e-4
¨ going-private
transaction subject to Rule 13e-3
¨ amendment
to Schedule 13D under Rule 13d-2
Check the
following box if the filing is a final amendment reporting the results of the tender offer: o
Introductory Statement
This Amendment No. 2 hereby amends and supplements
the Issuer Tender Offer Statement on Schedule TO initially filed by abrdn Japan Equity Fund, Inc., a Maryland corporation (the “Fund”),
with the Securities and Exchange Commission (the “Commission”) on August 1, 2025 (as amended on August 22, 2025 and as further
amended hereby, the “Schedule TO”) in order to update Item 12 to add exhibit (a)(8), a copy of the press release issued by
the Fund dated September 3, 2025 announcing the preliminary results of the offer.
Except as amended herein, the information set forth
in the Offer to Purchase and the related Letter of Transmittal is incorporated herein by reference in answer to Items 1 through 11 of
Schedule TO.
| Item 12. |
|
Exhibits |
| |
|
|
| (a)(1)(i) |
|
Offer to Purchase.1 |
| (a)(1)(ii) |
|
Form of Letter of Transmittal.1 |
| (a)(1)(iii) |
|
Form of Letter to Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees.1 |
| (a)(1)(iv) |
|
Form of Notice of Guaranteed Delivery.1 |
| (a)(1)(v) |
|
Form of Letter to Clients of Brokers, Dealers,
Commercial Banks, Trust Companies and Other Nominees.1 |
| (a)(2) |
|
None. |
| (a)(3) |
|
Not Applicable. |
| (a)(4) |
|
Not Applicable. |
| (a)(5) |
|
Text of press release issued on July 25, 2025.1 |
| (a)(6) |
|
Text of press release issued on August 1, 2025.1 |
| (a)(7) |
|
Text of press release issued on August 22, 2025.2 |
| (a)(8) |
|
Text of press release issued on September 3, 2025.3 |
| (d) |
|
None. |
| (g) |
|
None. |
| (h) |
|
None. |
| 107 |
|
Calculation of Filing Fees Table.1 |
1 Incorporated by reference to the Fund’s Schedule
TO-I, as filed with the Commission on August 1, 2025.
2 Incorporated by reference to the Fund’s Schedule
TO-I, as filed with the Commission on August 22, 2025.
3 Filed herewith.
| Item 13. |
|
Information Required by Schedule 13E-3 |
| |
|
|
| Not Applicable. |
SIGNATURE
After due inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true, complete and correct.
| |
ABRDN JAPAN EQUITY FUND, INC. |
| |
|
|
| |
By: |
/s/ Lucia Sitar |
| |
|
Name: Lucia Sitar, Esq. |
| |
|
Title: Vice President of the Fund |
| |
|
Dated: September 3, 2025 |
EXHIBIT INDEX
EXHIBIT
| (a)(8) |
Press Release issued on September 3, 2025 |
