High Templar Tech Limited

High Templar Tech Announces Final Results of Modified Dutch Auction Tender Offer

High Templar Tech completed a modified Dutch Auction tender offer, accepting 39,999,926 ADSs at $3.20 per share for a total cost of approximately $128 million. The offer was oversubscribed with nearly 46 million ADSs tendered, resulting in an 88.8% proration factor for accepted shares. The repurchased shares represent approximately 42.8% of the company's total outstanding ADSs, marking a significant reduction in the float.

•3mo ago

High Templar Tech Announces Preliminary Results of Modified Dutch Auction Tender Offer

High Templar Tech announced preliminary results for its modified Dutch auction tender offer, stating it expects to purchase approximately 40.87 million ADSs at a purchase price of $3.20 per share. The aggregate cost of the repurchase is approximately $130.8 million, representing about 43.7% of the company's total outstanding shares as of June 24, 2026. The offer was oversubscribed with a preliminary proration factor of 88.8%, and the company exercised its right to purchase an additional 2% of outstanding ADSs.

•4mo ago

High Templar Tech Commences a Tender Offer to Repurchase up to 39 Million of its ADSs

High Templar Tech has commenced a modified Dutch auction tender offer to repurchase up to 39 million of its American Depositary Shares (ADSs). The purchase price will range from US$2.80 to US$3.20 per ADS, with the final price determined by the number of shares tendered within that range. This tender offer is part of a US$300 million share repurchase program originally announced in March 2024, with Deutsche Bank Securities acting as dealer manager.

•4mo ago