CrowdStrike urges shareholders to reject Tutanota mini-tender offer

CrowdStrike Holdings, Inc. said shareholders should not respond to a mini-tender offer launched by Tutanota LLC, stressing that the company has no affiliation with the bidder. The offer seeks to buy up to 500,000 shares of CrowdStrike common stock for $260 per share in cash, representing less than 0.05% of the company’s outstanding common shares. CrowdStrike said the terms are unfavorable to existing shareholders. One condition requires the company’s closing share price on the last trading day before the offer expires to be above $260 per share. Unless Tutanota waives that condition, shareholders who tender could end up selling their stock below the market price. The bidder also retains the right to delay payment and extend the offer period. The company said the offer is scheduled to expire at 5:00 p.m. Eastern Time on Oct. 19, 2026, and shareholders who have already tendered their shares may withdraw them before the deadline. CrowdStrike also pointed to U.S. Securities and Exchange Commission guidance on mini-tender offers, which cover less than 5% of a company’s shares and are not subject to the same disclosure and procedural requirements as larger tender offers. The company urged investors to check current market prices and consult brokers or financial advisers before making any decision.