Mergers & Acquisitions ·
Cloopen Group Holding Limited announced that shareholders approved the previously announced Agreement and Plan of…
RAASYCloopen Group Holding Ltd
Cloopen Group Holding Limited announced that shareholders approved the previously announced Agreement and Plan of Merger with SpringX Holdings Limited at an extraordinary general meeting on September 24, 2026. The vote passed with approximately 99.98% support. Upon completion, Cloopen will become a wholly-owned subsidiary of HoldCo, cease to be publicly traded, and terminate its ADS program. This transaction represents a significant corporate restructuring event that fundamentally alters the company's ownership structure and listing status. Cloopen Group Holding Limited operates in the cloud communications technology industry, providing CPaaS, contact center, and unified communications solutions.