Cloopen Completes Merger With SummerX Holdings
Bitget2026/10/28 21:01- Cloopen completed its merger with SummerX Holdings on Oct. 28, 2026.
- The cloud communications provider became a wholly owned subsidiary of AutumnX Holdings and will cease to be publicly traded.
- Merger consideration totals US$ 2.9641 per American Depositary Share, less applicable fees and expenses, or US$ 0.494 per eligible ordinary share.
- Trading in the American Depositary Shares on the OTC Market is expected to be suspended shortly.
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