The final tally from Equiniti Trust Company confirmed that investors tendered 45,999,926 shares, well beyond the company's initial target of 39 million. By exercising its right to purchase an additional 2% of outstanding shares, High Templar expanded its acquisition to 39,999,926 shares. This total accounts for approximately 42.8% of the company's outstanding ADSs as of June 25, 2026.
High Templar Tech Concludes $128 Million Share Buyback
High Templar Tech has finalized its modified Dutch auction tender offer, securing nearly 40 million American Depositary Shares at a price of $3.20 each. The Xiamen-based firm deployed $127.9 million to complete the buyback, which saw significant investor interest and an eventual oversubscription of the offer.
Because the offer was oversubscribed, the company applied a pro rata distribution to most tenders, resulting in a proration factor of roughly 88.8%. Odd-lot tenders were accepted in full, while conditional tenders failing to meet specified criteria were withdrawn. Deutsche Bank Securities served as the dealer manager for the transaction, with D.F. King & Co. managing information for shareholders.
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