Mergers & Acquisitions ·
Completes $2.9641 per ADS going-private merger with AutumnX Holdings subsidiary
RAASYCloopen Group Holding Ltd
Cloopen Group Holding Limited completed its merger with SummerX Holdings Limited, a wholly-owned subsidiary of AutumnX Holdings Limited, pursuant to the agreement dated May 12, 2026. As a result, Cloopen has become a wholly-owned subsidiary and will cease public trading on the OTC Market. Each American Depositary Share is cancelled in exchange for US$2.9641 per ADS, while each ordinary share receives US$0.4940 in cash. The company intends to file Form 15 with the SEC to deregister its securities and suspend reporting obligations under the Securities Exchange Act of 1934. Cloopen Group Holding Limited is a leading multi-capability cloud-based communications solution provider in China.