What changed
Highlands accepted 138,671,199.117590 shares at $0.20 per share in its self-tender offer, up from the 125,000,000 shares originally sought, after holders tendered 138,671,199.117590 shares and the offer was oversubscribed. The accepted shares represent approximately 19.2% of common stock outstanding as of the September 1, 2026 commencement and include 13,671,199.117590 additional shares purchased under the company's ability to buy up to 2% more of outstanding stock. Aggregate cost was approximately $27,734,239.83, and payment has occurred.
Why it matters
Highlands accepted 138,671,199.117590 shares at $0.20 per share in its self-tender offer, up from the 125,000,000 shares originally sought, after holders tendered 138,671,199.117590 shares and the off