Qudian Inc. operates as a consumer-oriented technology company in the People's Republic of China. The company provides small cash credit products to consumers; and financial leasing and financing guarantee services, as well as technology development and services. It also offers ready-to-cook meal products for working-class consumers. The company was founded in 2014 and is headquartered in Xiamen, the People's Republic of China.
High Templar Tech Announces Final Results of Modified Dutch Auction Tender Offer
High Templar Tech completed a modified Dutch Auction tender offer, accepting 39,999,926 ADSs at $3.20 per share for a total cost of approximately $128 million.
The offer was oversubscribed with nearly 46 million ADSs tendered, resulting in an 88.8% proration factor for accepted shares.
The repurchased shares represent approximately 42.8% of the company's total outstanding ADSs, marking a significant reduction in the float.