Moatable Commences a Tender Offer to Repurchase approximately $15.0 Million of its ADSs
Moatable, Inc. (Pink Limited Market: MTBLY) ("Moatable" or the "Company"), a leading US-based SaaS company, today announced that it has commenced a tender offer (the "Tender Offer") to purchase up to 5,000,000 American Depositary Shares (the "ADSs") of the Company, each representing 45 Class A ordinary shares, par value $0.001 per share (the "Class A Ordinary Shares"), at a price of $3.00 per ADS (the "Purchase Price"), net to the seller in cash, less a cash distribution fee of $0.05 per ADS acc