High Templar Tech (HTT) said Thursday that preliminary results for its modified Dutch Auction showed that a total of 46,046,558 American Depositary Share were properly tendered and not properly withdrawn at $3.20 each.
The company said it expects to buy 40,869,952 ADSs that were tendered in the offering at $3.20 each for a total of $130.8 million, excluding fees and expenses.
Shares of High Templar Tech dropped 10% in recent Thursday premarket activity.
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