Cloopen Completes Going-Private Transaction
Cloopen Group Holding Limited announced completion of its merger with SummerX Holdings Limited.
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08:31:43 PM UTC
SquawkNews
Cloopen completed its merger with SummerX Holdings and will cease to be publicly traded. Each ADS is cancelled for $2.9641 cash; each ordinary Share for $0.4940. FINRA was notified and OTC trading is expected to be suspended shortly after the effective time.Material DetailsContext by AI AnalystThis…
BEIJING, Oct. 28, 2026 // -- Cloopen Group Holding Limited (OTC:RAASY) ("Cloopen" or the "Company"), a leading multi-capability cloud-based communications solution provider in China, today announced the completion of its merger (the "Merger") with SummerX Holdings Limited ("Merger Sub"…