Hepsiburada Announces The Purchase Of 4,615,384 Class B Ordinary Shares Of The Company From TurkCommerce Against Payment Of $5,732,306.93, Corresponding To A Purchase Price Per Share Of 1.242
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Hepsiburada (NASDAQ:HEPS), a Turkish e-commerce platform, has announced the purchase of 4,615,384 Class B ordinary shares from TurkCommerce for $5,732,306.93, at a price per share of $1.242. This represents a discount of 10% over the official closing price on Nasdaq of one Hepsiburada American Depositary Share (ADS) on September 27, 2023. The payment will be made by offsetting the $3,975,000 settlement contribution amount owed by TurkCommerce to Hepsiburada and a cash payment of $1,757,306.93. The transaction is expected to close on October 12, 2023.
September 28, 2023 | 1:08 pm
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Hepsiburada is purchasing 4.6M Class B shares from TurkCommerce at a discounted price. This could potentially increase the company's control over its shares and may impact the stock price.
The purchase of shares at a discounted price could potentially increase Hepsiburada's control over its shares. However, the impact on the stock price is uncertain as it could either increase due to the increased control or decrease due to the discounted purchase price.
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