Kerrisdale and Steamboat Send Letter to ACM Research Inc.

Investors Kerrisdale Capital and Steamboat Capital, owning ~600,000 shares, urged ACM Research to pursue a Hong Kong listing to narrow the valuation gap between its U.S. shares and Chinese A-shares. The firms explicitly offered to act as anchor investors, committing a minimum of $20 million each and potentially up to $100 million collectively, for a dual listing at current valuations.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.