Moatable, Inc. Enters Material Definitive Agreement

TL;DR

Moatable just signed a big deal, creating new financial obligations.

AI Summary

On September 11, 2025, Moatable, Inc. entered into a material definitive agreement. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Moatable, Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements and financial obligations inherently carries risks related to performance, financial impact, and market reception.

Key Players & Entities

• Moatable, Inc. (company) — Registrant
• September 11, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $9.75 million — s (the "Borrowers"), entered into a new $9.75 million senior secured credit facility (the "Cr
• $9.75 million — NC"), as lender. The Borrowers borrowed $9.75 million under the Credit Facility on September
• $3.00 — res represented by ADSs), at a price of $3.00/45 per Class A Ordinary Share (or $3.00
• $0.05 — f ADSs, less a cash distribution fee of $0.05 per ADS accepted for purchase in the te

Filing Documents

• tm2525936d1_8k.htm (8-K) — 32KB
• tm2525936d1_ex10-1.htm (EX-10.1) — 117KB
• tm2525936d1_ex10-2.htm (EX-10.2) — 69KB
• tm2525936d1_ex10-3.htm (EX-10.3) — 48KB
• tm2525936d1_ex10-1img01.jpg (GRAPHIC) — 2KB
• tm2525936d1_ex10-2img01.jpg (GRAPHIC) — 4KB
• tm2525936d1_ex10-3img001.jpg (GRAPHIC) — 2KB
• 0001104659-25-089528.txt ( ) — 499KB
• renn-20250911.xsd (EX-101.SCH) — 3KB
• renn-20250911_lab.xml (EX-101.LAB) — 33KB
• renn-20250911_pre.xml (EX-101.PRE) — 22KB
• tm2525936d1_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 11, 2025, Moatable US Holdco, Inc., Lofty, Inc., and Trucker Path, Inc., each wholly owned subsidiaries of the Moatable, Inc. (the "Company"), jointly and severally as borrowers (the "Borrowers"), entered into a new $9.75 million senior secured credit facility (the "Credit Facility") pursuant to that certain loan agreement (the "Loan Agreement"), dated as of September 11, 2025, with PNC Bank, National Association ("PNC"), as lender. The Borrowers borrowed $9.75 million under the Credit Facility on September 11, 2025. The proceeds from the Credit Facility will fund all or a portion of any purchases of the Company's Class A Ordinary Shares (including Class A Ordinary Shares represented by American Depositary Shares ("ADSs")) in the Company's tender offer to purchase up to 225,000,000 ClassA Ordinary Shares (including Class A Ordinary Shares represented by ADSs), at a price of $3.00/45 per Class A Ordinary Share (or $3.00 per ADS), net to the seller in cash, less any applicable withholding taxes, and, in the case of ADSs, less a cash distribution fee of $0.05 per ADS accepted for purchase in the tender offer that will be paid to Citibank, N.A., the Company's ADS Depositary, and without interest. The Credit Facility will mature on October 31, 2026. Borrowings under the Credit Facility will bear interest at a rate per annum equal to the Daily Simple SOFR (as defined in the Loan Agreement) plus 1.50%, plus a credit spread adjustment of 0.1%. The Borrower will also be required to pay a commitment fee for the unused portion of the Credit Facility of 0.15%. Any borrowings under the Credit Facility may be repaid, in whole or in part, at any time and from time to time without any other premium or penalty. Any amounts repaid under the Credit Facility may not be reborrowed. The Credit Facility does not require any mandatory prepayments or amortization payments. The Credit Facility will be 100% cash collater

03 Creation of a Direct Financial Obligation or an Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1# Loan Agreement, dated as of September 11, 2025, by and among Moatable US Holdco, Inc., Lofty, Inc. and Trucker Path, Inc., as borrowers, and PNC Bank, National Association, as the lender party thereto 10.2 Line of Credit Note, dated as of September 11, 2025, by and among Moatable US Holdco, Inc., Lofty, Inc. and Trucker Path, Inc., as borrowers, and PNC Bank, National Association, as the lender party thereto 10.3# Pledge Agreement, dated as of September 11, 2025, by and among Moatable US Holdco, Inc., Trucker Path, Inc. and PNC Bank, National Association 104 Cover Page Interactive Data File (embedded with the Inline XBRL document) # Certain schedules and exhibits to this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission upon request.

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding the Company's intention to use the proceeds from the Credit Facility to repurchase Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) accepted for purchase in the tender offer. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are not guarantees of future performance and are on Form 8-K, including the Company's ability to comply with the covenants contained in the Credit Agreement. Further information on such risks, uncertainties and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements are included in the section titled "Risk Factors" included under Part I, Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2024 and updates in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Any forward-looking statement speaks only as of the date on which it is made, and you should not place undue reliance on forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MOATABLE, INC. By: /s/ Scott Stone Date: September 12, 2025 Scott Stone Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR