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Moatable, Inc. Announces Preliminary Tender Offer Results
MTBLY
Share Buyback
Debt Issuance
- Moatable, Inc. announced the preliminary results of its fixed price tender offer to repurchase Class A ordinary shares and American Depositary Shares (ADSs), which expired on September 30, 2025.
- The company expects to acquire 85,065,660 Class A ordinary shares (including ADSs) at a price of $3.00 per ADS, for an aggregate cost of approximately $5,671,044.
- This acquisition represents approximately 13.0% of the total outstanding Class A Ordinary Shares and 10.3% of the outstanding share capital.
- The repurchase is being funded by a combination of cash on hand and a new $9.75 million senior secured credit facility.
Oct 1, 2025, 11:30 AM
Moatable Commences Tender Offer for ADSs
MTBLY
Share Buyback
Debt Issuance
Delisting/Listing Issues
- Moatable, Inc. has commenced a tender offer to purchase up to 5,000,000 American Depositary Shares (ADSs) at a price of $3.00 per ADS, net to the seller, with the offer set to expire on September 30, 2025.
- The tender offer is conditional upon the closing of a debt financing that results in gross proceeds of no less than $9.75 million.
- The Company is considering suspending its reporting obligations with the SEC following the completion of the tender offer, as it is eligible due to having less than 300 record holders of its Class A Ordinary Shares and ADSs as of August 27, 2025.
- Mr. Joseph Chen, Moatable's Chairman and Chief Executive Officer, who beneficially owns a significant number of shares, does not intend to participate in this offer.
Sep 3, 2025, 12:26 PM
Quarterly earnings call transcripts for Moatable.
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