Moatable, Inc. Concludes the Tender Offer for Class A Shares
Moatable, Inc. Completes Tender Offer for Class A Shares
Moatable, Inc. (Pink Limited Market: MTBLY), a premier US-based SaaS company, has announced the successful completion of its fixed price tender offer. The company aimed to repurchase an impressive 225 million Class A ordinary shares. Each share has a par value of $0.001, and they can also be represented by American Depositary Shares (ADSs), where each ADS corresponds to 45 Class A Ordinary Shares.
Details of the Tender Offer
In this finalized tender offer, the price set for repurchase was $3.00 per Class A Ordinary Share or $3.00 per ADS. This offer was net to sellers in cash, minus any applicable taxes and a distribution fee for accepted ADS purchases. The offer expired at midnight, concluding on September 30, 2025.
Final Assessment of Shares
According to the final tally by Citibank, the agent managing the tender offer, a total of 85,065,660 Class A Ordinary Shares were tendered and not withdrawn. This engagement showcases a strong response from investors, reiterating their confidence in Moatable, Inc.
Accepted Shares and Financial Implications
Following the terms of the tender offer, the company has accepted the acquisition of all tendered shares, amounting to around $5.67 million. The shares obtained reflect approximately 13% of Moatable's total Class A Ordinary Shares and about 10.3% of its overall outstanding capital, further enhancing the company’s operational efficiency and market presence.
Immediate Steps by Moatable, Inc.
Mootable, Inc. plans to initiate prompt payment to security holders for the shares accepted under the tender offer. This timely execution highlights the company's commitment to its shareholders and reinforces its operational effectiveness.
Contact Information for Inquiries
For any questions related to the tender offer, shareholders, banks, and brokers can reach out to Georgeson LLC, the information agent, by calling (866) 585-6991 (toll-free), or by mailing correspondence to their office.
About Moatable, Inc.
Moatable, Inc. operates two notable SaaS businesses in the U.S. with innovative offerings that include Lofty and Trucker Path. The company’s ADSs trade under the symbol MTBLY, representing confidence and adaptability in today's evolving market landscape. For more detailed insights into Moatable’s operations, you are encouraged to explore their official website at Moatable.com.
Frequently Asked Questions
What is a fixed price tender offer?
A fixed price tender offer is a corporate action in which a company proposes to purchase its shares from shareholders at a specific price, typically at a premium compared to the market price.
How many shares did Moatable accept in their tender offer?
Moatable accepted a total of 85,065,660 Class A Ordinary Shares in their tender offer.
What was the total cost of the shares repurchased by Moatable?
The aggregate cost of repurchasing the shares amounted to approximately $5.67 million, excluding additional fees and expenses.
Who should I contact for more information regarding the tender offer?
Shareholders can contact the information agent, Georgeson LLC, at (866) 585-6991 for more details about the tender offer.
Where can I find out more about Moatable, Inc.?
You can learn more about Moatable, Inc. and their services by visiting their official website at Moatable.com.
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