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Moatable, Inc. Announces Preliminary Results of its Fixed Price Tender Offer
Prnewswire· 2025-10-01 11:30
Core Viewpoint - Moatable, Inc. has announced the preliminary results of its fixed price tender offer to repurchase up to 225 million Class A ordinary shares at a price of $3.00 per share, with a total expected acquisition of approximately 85 million shares for about $5.67 million [1][2]. Group 1: Tender Offer Details - The tender offer expired on September 30, 2025, and a total of 85,065,660 Class A ordinary shares were properly tendered [2]. - The shares to be acquired represent approximately 13.0% of the total outstanding Class A ordinary shares and about 10.3% of the company's outstanding share capital [2]. - The acquisition will be funded through cash on hand and a new $9.75 million senior secured credit facility with PNC Bank [1]. Group 2: Company Background - Moatable, Inc. operates two US-based SaaS businesses, Lofty and Trucker Path, and its American Depositary Shares trade on the Pink Limited Market under the symbol "MTBLY" [5].
FinVolution Group Prices Offering of US$130 Million Convertible Senior Notes
Prnewswire· 2025-06-20 13:15
Core Viewpoint - FinVolution Group has announced a convertible senior notes offering totaling US$130 million, aimed at funding international expansion, replenishing working capital, and facilitating a concurrent share repurchase [1][2]. Notes Offering Details - The offering consists of convertible senior notes with a principal amount of US$130 million, maturing in 2030, and an option for initial purchasers to buy an additional US$20 million [1]. - The notes will bear an interest rate of 2.50% per year, payable semi-annually starting January 1, 2026 [3]. - The initial conversion rate is set at 80.8865 ADSs per US$1,000 principal amount, equating to an approximate conversion price of US$12.36 per ADS, representing a 30% premium over the closing price of US$9.51 on June 18, 2025 [4]. Repurchase Plan - Concurrently, the company plans to repurchase 6,377,740 ADSs at US$9.51 each, which is the last reported sale price on June 18, 2025 [6]. - This repurchase is intended to assist initial hedging by purchasers of the notes and is part of existing share repurchase programs announced in 2023 and 2025 [6]. Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, focusing on connecting young borrowers with financial institutions [13]. - As of March 31, 2025, the company had 216.2 million cumulative registered users across its platforms [13].
Grupo Financiero Galicia S.A. Announces Pricing of Secondary Offering of American Depositary Shares by HSBC Bank plc
Globenewswire· 2025-06-11 01:29
Core Viewpoint - Grupo Financiero Galicia S.A. announced a secondary offering of 11,721,449 American Depositary Shares (ADSs) at a price of $54.25 per ADS, representing 117,214,490 Class B ordinary shares, with proceeds going entirely to the selling shareholder, HSBC Bank plc [1][2]. Company Overview - Grupo Financiero Galicia S.A. is one of Argentina's largest financial services groups, focusing on creating long-term value through various financial services including savings, credit, investment, insurance, and digital solutions [6][7]. - The company has over 110 years of experience and operates through multiple subsidiaries, including Banco de Galicia y Buenos Aires S.A.U., Galicia Más Holdings, and Galicia Seguros, among others [7]. Offering Details - The offering is conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC), and a final prospectus supplement will be available [3]. - The offering is expected to close on June 12, 2025, subject to customary closing conditions [2]. Regulatory Information - The ADSs are not authorized for public offering in Argentina and are not being sold under Argentine Capital Markets Law [1]. - The documents related to the offering have not been reviewed or authorized by the Argentine National Securities Exchange Commission (CNV) [1]. Investor Contact - For further inquiries, the investor relations officer can be contacted via the provided email and phone number [8].
Grupo Financiero Galicia S.A. Announces Commencement of Secondary Offering of American Depositary Shares by HSBC Bank plc
Globenewswire· 2025-06-10 21:10
Core Viewpoint - Grupo Financiero Galicia S.A. is launching an underwritten secondary offering of 11,721,449 American Depositary Shares (ADSs) representing 117,214,490 Class B ordinary shares, with all proceeds going to the selling shareholder, HSBC Bank plc [1][2]. Company Overview - Grupo Financiero Galicia S.A. is one of Argentina's largest financial services groups, aiming to create long-term value through a variety of financial services including savings, credit, investment, insurance, and digital solutions [6][8]. - The company has over 110 years of experience and operates through several subsidiaries, including Banco de Galicia y Buenos Aires S.A.U., Galicia Más Holdings, and Galicia Seguros, among others [8]. Offering Details - The offering is being conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) [3]. - The company will not receive any proceeds from the offering, as all ADSs are being offered by the selling shareholder [2].
Lotus Technology(LOT) - Prospectus
2024-05-03 20:04
Table of Contents As filed with the Securities and Exchange Commission on May 3, 2024 Registration No. 333 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Lotus Technology Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cogency Global Inc. 122 East 42nd Street, 18th Floor New York, N.Y. 10168 +1 (800) 221 - 0102 (Name, address, including zip co ...