High Templar Tech Announces Preliminary Results of Modified Dutch Auction Tender Offer

High Templar Tech (NYSE: HTT) reported preliminary results of its modified Dutch auction tender offer, which expired June 24, 2026.

Rhea-AI Summary

High Templar Tech (NYSE: HTT) reported preliminary results of its modified Dutch auction tender offer, which expired June 24, 2026.

The company expects to purchase about 40,869,952 ADSs at $3.20 each, costing roughly $130.8 million and representing 43.7% of ADSs outstanding, subject to final confirmation.

Positive

• Company expects to repurchase about 40,869,952 ADSs
• Tender offer purchase price set at US$3.20 per ADS
• Estimated aggregate repurchase cost of about US$130.8 million
• Repurchased ADSs represent about 43.7% of shares outstanding
• Offer size increased using option to buy extra 2% of ADSs
• Approximately 46,046,558 ADSs tendered, indicating strong participation

Negative

• Cash outlay of about US$130.8 million for the tender offer
• Offer oversubscribed; preliminary proration factor around 88.8%
• Final ADS count and proration remain preliminary and subject to change

Argus Jun 25 session

-23.57% close to close Open Argus

Details

News Market Reaction – HTT

In the Jun 25 session, HTT declined 23.57%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -23.6% in the session following this news. A negative reaction despite positive ca...

Analysis

The stock dropped -23.6% in the session following this news. A negative reaction despite positive capital-return news fits a pattern where investors reassess fundamentals beyond buybacks. The sizable tender for approximately 43.7% of ADSs could raise questions about long-term growth and post-offer liquidity.

Key Figures

Tender offer size: up to 39 million ADSs ADSs tendered: 46,046,558 ADSs Guaranteed delivery tenders: 446,909 ADSs +5 more

Tender offer size

up to 39 million ADSs

Maximum ADSs targeted in modified Dutch auction tender offer

ADSs tendered

46,046,558 ADSs

Total ADSs properly tendered at or below US$3.20 per ADS

Guaranteed delivery tenders

446,909 ADSs

ADSs tendered by notice of guaranteed delivery

Purchase price

US$3.20 per ADS

Expected final purchase price in modified Dutch auction

ADSs expected purchased

40,869,952 ADSs

ADSs the Company expects to purchase in the tender offer

Aggregate cost

approximately US$130.8 million

Total cash outlay for tender offer, excluding fees and expenses

Additional 2% capacity

1,869,952 ADSs

ADSs purchased under right to buy up to an additional 2% of outstanding ADSs

Outstanding ADSs tendered

approximately 43.7%

Portion of total ADSs outstanding represented by 40,869,952 ADSs as of June 24, 2026

Historical Context

3 past events · Latest: May 26

3 events

1. May 26

   Tender offer launch

   24h Move

   +23.4%

   Company launched modified Dutch auction tender offer under repurchase program.

2. Apr 10

   Annual report filing

   24h Move

   -0.4%

   Filed Form 20-F annual report with audited financial statements for FY2025.

3. Mar 11

   Earnings results

   24h Move

   +1.1%

   Reported Q4 and FY2025 unaudited financial results and share repurchases.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

modified dutch auction, tender offer, odd lots, notice of guaranteed delivery, +2 more

6 terms

modified dutch auction financial

"announced today the preliminary results of its "modified Dutch Auction" tender offer"

A modified Dutch auction is a way for a company to buy back shares or sell securities by asking shareholders or bidders to state how many shares they’re willing to trade and at what minimum price, then setting a single clearing price that satisfies the target quantity. Think of it like collecting offers at different prices and picking one fair price so the company buys or sells the needed amount; investors care because it can produce a transparent, market-driven price and a predictable size for the transaction, reducing the chance of favoritism or sudden price swings.

tender offer financial

"preliminary results of its "modified Dutch Auction" tender offer to purchase up to 39 million"

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

View in glossary

odd lots financial

"except for tenders of "odd lots," which will be accepted in full"

Shares traded in quantities smaller than a market’s standard batch—typically fewer than 100 shares—are called odd lots. Think of buying a few cookies from a pack instead of the whole box: odd lots are smaller, individual-sized trades that can matter because they may execute less smoothly, face slightly different pricing or visibility, and signal retail-level activity to investors assessing liquidity and demand.

notice of guaranteed delivery financial

"tendered by notice of guaranteed delivery.In accordance with the terms and conditions"

A notice of guaranteed delivery is a short, written promise used when investors want to sell shares in a tender offer but cannot deliver the physical or electronic share certificates by the offer deadline. It acts like a post-dated IOU: the seller guarantees they will provide the required documents within a short, specified window while still qualifying for the offer’s price and terms. For investors this preserves their right to participate in a deal while giving extra time to complete paperwork, but it also creates a reliance on timely follow-through to receive payment.

dealer manager financial

"Deutsche Bank Securities Inc. acts as dealer manager for the tender offer"

A dealer manager is a financial firm — often a broker-dealer or investment bank — that organizes, markets and coordinates the sale of a new securities offering (such as bonds or structured products) to other brokers and investors. Think of it as the project manager and sales team for the deal: its pricing choices, marketing reach and allocation decisions influence how widely the issue is distributed, how competitively it is priced, and how easy it is for investors to buy or sell afterward.

information agent financial

"D.F. King & Co., Inc. acts as information agent for the tender offer"

An information agent is a person, team, or third-party service designated to collect, verify and distribute a company’s important announcements, filings or notices to regulators, shareholders and the public. Think of it as the company’s official mailroom and translator combined—responsible for making sure the right facts get to the right people quickly and accurately; investors watch who serves this role because mistakes or delays can affect compliance, market reaction and trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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XIAMEN, China, June 25, 2026 /PRNewswire/ -- High Templar Tech Limited (the "Company," "High Templar" or "we") (NYSE: HTT), announced today the preliminary results of its "modified Dutch Auction" tender offer to purchase up to 39 million American Depositary Shares (the "ADSs") of the Company, each representing one Class A ordinary share, par value US$0.0001 per share, which expired at 5:00 P.M., New York City time, on June 24, 2026.

Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer (the "Depositary"), a total of 46,046,558 ADSs of the Company were properly tendered and not properly withdrawn at or below the purchase price of US$3.20 per ADS, including 446,909 ADSs that were tendered by notice of guaranteed delivery.

In accordance with the terms and conditions of the tender offer and based on the preliminary count by the Depositary, the Company expects to purchase approximately 40,869,952 ADSs that were tendered in the tender offer at a purchase price of US$3.20 per ADS, for an aggregate cost of approximately US$130.8 million, excluding fees and expenses relating to the tender offer. Included in the 40,869,952 ADSs that the Company expects to purchase are 1,869,952 ADSs that the Company has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding ADSs. Due to the oversubscription of the tender offer, the Company expects to accept the ADSs on a pro rata basis, except for tenders of "odd lots," which will be accepted in full, and conditional tenders that will automatically be regarded as withdrawn because the condition of the tender has not been met, and has been informed by the Depositary that the preliminary proration factor for the Offer is approximately 88.8%, assuming all ADSs tendered by notice of guaranteed delivery will be delivered. The total of 40,869,952 ADSs that the Company expects to purchase represents approximately 43.7% of the total number of ADSs outstanding as of June 24, 2026.

The number of ADSs expected to be purchased by the Company and the proration factor are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the Depositary and is based on the assumption that all ADSs tendered through notice of guaranteed delivery will be delivered within the one-trading day settlement period. The final number of ADSs to be purchased by the Company will be announced following the expiration of the guaranteed delivery period and completion by the Depositary of the confirmation process. Payment for the ADSs accepted for purchase under the tender offer will occur promptly thereafter.

Deutsche Bank Securities Inc. acts as dealer manager for the tender offer and D.F. King & Co., Inc. acts as information agent for the tender offer. Shareholders who have questions or would like additional information about the tender offer may contact D.F. King & Co., Inc. at (888) 644-5854, toll at (646) 989-1649 or email at htt@dfking.com; banks and brokers may call Deutsche Bank Securities Inc. at (212) 250-5600.

About High Templar Tech Limited

High Templar is exploring innovative business opportunities globally to satisfy clients' demand by leveraging its technology know-how and financial service capabilities.

For more information, please visit https://ir.hightemplar.com/. 

Forward-Looking Statements

This announcement contains forward-looking statements, including regarding the consummation of the tender offer and payment for shares purchased in the tender offer. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. High Templar may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to securityholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about High Templar's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: High Templar's goal and strategies; High Templar's expansion plans; High Templar's future business development, financial condition and results of operations; High Templar's expectations regarding demand for, and market acceptance of, its products; High Templar's expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in High Templar's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and High Templar does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
High Templar Tech Limited
Tel: +86-592-317-2318
E-mail: ir@hightemplar.com 

View original content:https://www.prnewswire.com/news-releases/high-templar-tech-announces-preliminary-results-of-modified-dutch-auction-tender-offer-302810639.html

SOURCE High Templar Tech Limited

FAQ

What are the preliminary results of High Templar Tech’s June 2026 HTT tender offer?

High Templar Tech expects to buy about 40.9 million ADSs in its June 2026 tender offer. According to High Templar, this represents approximately 43.7% of ADSs outstanding as of June 24, 2026, subject to final confirmation by the depositary.

At what price will High Templar Tech (NYSE: HTT) repurchase ADSs in the June 2026 tender?

High Templar Tech plans to pay US$3.20 per ADS in the tender offer. According to High Templar, the expected aggregate cost is about US$130.8 million, excluding fees and expenses related to the modified Dutch auction.

How many High Templar Tech HTT ADSs were tendered in the June 24, 2026 offer?

A total of 46,046,558 ADSs were properly tendered at or below US$3.20 per ADS. According to High Templar, this figure includes 446,909 ADSs tendered by notice of guaranteed delivery and exceeds the number the company expects to purchase.

What percentage of High Templar Tech’s ADSs will be repurchased in the 2026 tender offer?

High Templar Tech expects to repurchase about 43.7% of its ADSs through the tender. According to High Templar, the company plans to acquire approximately 40,869,952 ADSs, including shares purchased under its option to buy an additional 2% of outstanding ADSs.

What is the preliminary proration factor for High Templar Tech’s modified Dutch auction (HTT)?

The preliminary proration factor for the tender offer is about 88.8%, assuming all guaranteed deliveries settle. According to High Templar, odd-lot tenders will be accepted in full, while some conditional tenders will be deemed withdrawn if their conditions are not met.

When will High Templar Tech pay shareholders for ADSs accepted in the June 2026 tender?

Payment is expected promptly after final confirmation of tendered ADSs and proration. According to High Templar, the final number of ADSs purchased will be announced following the guaranteed delivery period and the depositary’s completion of its confirmation process.