Cloopen Group Holding Ltd (RAASY) Form 6-K — Oct 28, 2026
Cloopen Group Holding Limited announced the completion of its going-private merger with SummerX Holdings Limited, a subsidiary of the SpringX/AutumnX buyer group, under the merger agreement dated May 12, 2026. Each ADS (representing six Class A shares) was cancelled in exchange for US$2.9641 in cash, and each share not represented by an ADS received US$0.4940. The merger was approved by shareholders at an extraordinary general meeting on September 24, 2026. The company will cease to be publicly traded: FINRA is expected to remove its OTC trading symbols on or after October 28, 2026, and Cloopen intends to deregister and suspend SEC reporting obligations by filing a Form 15.
Key figures
- Shares per ads
- 6
- Merger consideration per ads
- US$2.9641
- Merger consideration per share
- US$0.4940
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