Moatable Concludes Strategic Share Repurchase Initiative

Moatable Inc. has finalized a fixed-price tender offer, successfully acquiring a substantial portion of its common stock. The definitive results, released on October 3, 2025, confirm this capital return strategy.

This move coincides with a potential strategic pivot for the company. Moatable is actively exploring the suspension of its reporting obligations with the U.S. Securities and Exchange Commission (SEC). This option is available to companies with fewer than 300 shareholders of record—a threshold Moatable states it now meets. Future financial disclosures and the final decision regarding SEC reporting will be critical in shaping the company's strategic direction.

Financing and Execution of the Buyback

The tender offer, which commenced on September 3, 2025, initially targeted up to 5 million American Depositary Shares (ADS) at a price of $3.00 per ADS, representing a total value of approximately $15 million. Each ADS represents 45 Class A ordinary shares.

A key financing condition was met on September 11, 2025, when three of Moatable’s subsidiaries secured a secured loan facility of $9.75 million from PNC Bank. The following day, the company amended the offer's terms, significantly increasing the maximum number of shares it would repurchase to 225 million Class A ordinary shares.

According to preliminary data released on October 1, a total of 85,065,660 Class A ordinary shares were validly tendered. This figure represents approximately 13.0% of the outstanding shares of its class and about 10.3% of the company's total share capital.

Should investors sell immediately? Or is it worth buying Renren?

The key financial details of the concluded offer are:
* Total Shares Repurchased: 85.1 million Class A ordinary shares
* Total Investment: $5.67 million
* Funding Sources: A combination of company cash and bank financing
* Price per ADS: $3.00

Market Context and Operational Performance

Currently, Moatable's ADS are trading over-the-counter in a range of $3.00 to $3.07, placing the buyback price squarely within the current market valuation.

Notably, CEO Joseph Chen, a significant shareholder, elected not to participate in the tender offer, a decision that signals his confidence in the company's long-term prospects.

Operationally, Moatable's core businesses show positive momentum. Its SaaS platforms, Lofty and Trucker Path, reported a 26% year-over-year revenue increase to $19.3 million for the second quarter of 2025. Importantly, the company achieved a net profit of $0.4 million for the quarter, a notable improvement from a net loss in the same period the previous year. By reducing the number of shares outstanding, this buyback could potentially enhance per-share metrics for the remaining investors.