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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.

High Templar Tech Concludes $128 Million Share Buyback

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.

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 Odd-lot tenders were accepted in full, while conditional tenders failing to meet specified criteria were withdrawn.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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