High Templar Tech Starts 39M-Share Repurchase via $2.80–$3.20 Tender Offer
HTT•High Templar Tech has initiated a modified Dutch auction tender offer to repurchase up to 39 million American Depositary Shares at prices ranging from US$2.80 to US$3.20 per ADS, expiring June 24, 2026. This repurchase is part of the company’s US$300 million share buyback program launched in March 2024.
1. Tender Offer Details
High Templar Tech has commenced a modified Dutch auction tender offer to repurchase up to 39 million American Depositary Shares at a price range of US$2.80 to US$3.20 per ADS. The offer will expire at 5:00 P.M. New York City time on June 24, 2026, unless extended or earlier terminated, and is not conditioned on financing or a minimum tender amount.
2. Share Repurchase Program
This tender offer is conducted under the company’s US$300 million share repurchase program announced in March 2024. Following the expiration of the offer, the company may execute further repurchases through open market transactions or other means, subject to applicable laws, regulations, market conditions and board approval.
3. Auction Mechanics and Conditions
Securityholders may indicate the number of ADSs and the price at which they wish to tender within increments of US$0.05. If valid tenders exceed 39 million ADSs, the company may increase the number sought by up to 2% of outstanding ADSs without extending the expiration date, and all accepted ADSs will be purchased at the determined clearing price.
