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Moatable, Inc. Announces Final Results of its Fixed Price Tender Offer
Prnewswire· 2025-10-03 12:00
Core Points - Moatable, Inc. announced the final 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, which expired on September 30, 2025 [1][3] - A total of 85,065,660 Class A ordinary shares were properly tendered and accepted for purchase, representing approximately 13.0% of the total outstanding Class A ordinary shares and about 10.3% of the company's outstanding share capital [2][3] Summary by Sections Tender Offer Details - The tender offer was for up to 225 million Class A ordinary shares at a price of $3.00 per share, net to the seller in cash [1] - The offer included a cash distribution fee of $0.05 per ADS accepted for purchase [1] Acceptance and Financials - The company accepted 85,065,660 Class A ordinary shares for an aggregate cost of approximately $5,671,044, excluding fees and expenses [3] - The shares acquired represent a significant portion of the company's total outstanding shares [3] Payment and Contact Information - The company will promptly pay for the accepted shares [4] - Securityholders and brokers can contact Georgeson LLC for inquiries regarding the tender offer [4] Company Overview - Moatable, Inc. operates two US-based SaaS businesses, Lofty and Trucker Path, and its American Depositary Shares trade under the symbol "MTBLY" [5]
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].
Moatable Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-15 21:04
Core Viewpoint - Moatable, Inc. reported strong financial performance in Q2 2025, highlighting steady revenue growth and improved profitability compared to the same quarter last year [3][8]. Financial Performance - Revenue increased by 26% year-over-year to $19.3 million in Q2 2025, with a 27% increase to $37.3 million for the six months ended June 30, 2025 [8]. - Gross profit rose by 21% to $14.3 million in Q2 2025, and by 23% to $27.7 million for the six months ended June 30, 2025 [8]. - The company achieved a net income of $0.4 million in Q2 2025, a turnaround from a net loss of $0.5 million in the same quarter last year [3][8]. - Adjusted EBITDA improved by 100% to a profit of $1.0 million in Q2 2025, and increased by 20% to a profit of $0.6 million for the six months ended June 30, 2025 [8][10]. Operational Efficiency - Gain from operations improved significantly, moving from a loss of $0.8 million in Q2 2024 to a gain of $0.4 million in Q2 2025, reflecting a 150% improvement [8]. - Total cash and cash equivalents decreased to $22.1 million as of the end of Q2 2025, down from $31.9 million at the end of 2024 [8]. Company Overview - Moatable, Inc. operates two US-based SaaS businesses, Lofty and Trucker Path, and its American depositary shares trade on OTC Pink under the symbol "MTBLY" [5].