MergerMay 12, 2026, 07:57 AM
Cloopen Enters Going-Private Merger at $162.89M Equity Value
AI Summary
Cloopen Group Holding Limited announced it has entered into a definitive merger agreement for a going-private transaction, implying an equity value of approximately US$162.89 million. Shareholders will receive US$0.4940 in cash per ordinary share and US$2.9641 in cash per ADS, representing premiums of 51.23% and 110.22% over recent closing prices. The transaction, supported by a buyer group including the founder and CEO, is expected to close in the fourth quarter of 2026, after which the company will become privately owned and its ADSs will be delisted.
Key Highlights
- Cloopen entered a definitive merger agreement for a going-private transaction.
- Transaction implies an equity value of approximately US$162.89 million.
- Shareholders to receive US$0.4940 cash per ordinary share and US$2.9641 cash per ADS.
- Merger consideration represents a 51.23% premium to the closing price on December 19, 2025.
- It also represents a 110.22% premium to the closing price on May 11, 2026.
- Buyer Group currently owns 28.42% of shares, representing 57.25% of voting power.
- Merger is expected to close in Q4 2026, subject to two-thirds shareholder approval.
- Upon completion, Cloopen will become privately-owned and its ADSs will be delisted.