Cloopen Group concludes its going-private merger with SummerX Holdings, resulting in the immediate delisting of its shares from the OTC market as the firm transitions to private ownership.
Cloopen Group Holding Limited has officially finalized its merger with SummerX Holdings Limited, resulting in the company becoming a privately held entity. Consequently, the company's American Depositary Shares (ADSs) will cease trading on the OTC market as it transitions away from its status as a publicly listed firm.
The company completed a merger with SummerX Holdings Limited and has transitioned to a private company.
No, the completion of the merger results in the delisting of the company's ADSs from the OTC market.
Cloopen Group Holding Limited has finalized its merger with SummerX Holdings Limited, marking the company's transition to a private entity. Following the completion of this transaction, the cloud-based communications provider has officially delisted its American Depositary Shares from the OTC market.
Cloopen Group has delisted from the OTC market following the successful completion of its merger with SummerX Holdings Limited.