High Templar Tech Reveals Early Outcomes of Its Modified Dutch Auction Tender Offer
High Templar Tech Limited's Tender Offer Overview
High Templar Tech Limited, traded on the NYSE under the ticker symbol HTT, recently released preliminary results for its modified Dutch auction tender offer. This offer, aimed at repurchasing up to 39 million American Depositary Shares (ADSs), sought to procure these units at a price set at $3.20 per share. The deadline for this offer was 5 PM NY time on June 24, 2026.
According to the early count from Equiniti Trust Company, the designated depositary for this offer, a remarkable total of 46,046,558 ADSs were tendered at or below the purchase price, which includes an additional 446,909 shares tendered through a guaranteed delivery notice.
Expected Purchases
High Templar anticipates purchasing approximately 40,869,952 ADSs, which will cost them around $130.8 million excluding any related fees or expenses. This figure incorporates a provision allowing them to purchase an additional 2% of their total outstanding shares. Given the oversubscription of the offer, the acceptance of these shares will not be straightforward. Instead, they will be accepted on a pro rata basis except for
Topics Other）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.