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.
Key figures
- Offering Price
- 3.2
- Shares Offered
- 39999926
- Tendered shares
- 45999926
- Proration factor
- 88.8%
- Percent of outstanding repurchased
- 42.8%
AI analysis
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