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RAASBearishM&Anews

High materiality9/10

Cloopen completes merger, privatizes; RAASY to cash out and delist

Oct 28, 2026, 4:46 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The company exits public markets via a cash-out merger; RAASY holders receive fixed cash, and trading will be suspended/deregistered, removing ongoing price discovery. Historically, delistings with cash buyouts cause pre-event trading to converge to the cash offer, followed by zero liquidity post-close.

AI summary

What happened, with direct paths to the underlying reporting

Cloopen completes its merger with HoldCo, becoming a private subsidiary and ceasing public trading. ADS holders receive $2.9641 per ADS and $0.4940 per Share; trading will be suspended and the company will deregister. Payout timing depends on surrender documents; liquidity will be limited post-merger, marking a definitive privatization catalyst.

Cloopen completes merger with HoldCo; becomes wholly owned private subsidiary.
ADS holders receive $2.9641 per ADS and $0.4940 per Share.
Cloopen to delist from OTC; deregister and suspend SEC reporting.
Trading may be invalid after merger; payout timing via ADS depositary and surrender.

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