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Cloopen completes going-private merger, exits OTC markets

Wed, 28 Oct 2026 16:31:12 -0400

Cloopen Group Holding Limited (OTC: RAASY), a China-based cloud communications company, has completed its merger with SummerX Holdings Limited, a subsidiary of AutumnX Holdings Limited, making Cloopen a wholly-owned private subsidiary.

Under the terms of the merger agreement, dated May 12, 2026, and approved by shareholders at an extraordinary general meeting on September 24, 2026, each American Depositary Share was cancelled in exchange for $2.9641 in cash, while each ordinary share received $0.4940 in cash. The ADS depositary, The Bank of New York Mellon, will distribute merger consideration to ADS holders after receiving funds from the paying agent.

The Financial Industry Regulatory

Cloopen completes going-private merger, exits OTC markets

Wed, 28 Oct 2026 16:31:12 -0400

The Financial Industry Regulatory

Cloopen Group Holding Limited Announces Completion of Going Private Transaction

Wed, 28 Oct 2026 16:30:00 -0400

BEIJING, Oct. 28, 2026 /PRNewswire/ -- 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"), a wholly-owned subsidiary of AutumnX Holdings Limited ("HoldCo"), which is in turn a wholly-owned subsidiary of SpringX Holdings Limited ("Parent"), pursuant to the previously announced agreement

Cloopen Group Holding Limited Announces Completion of Going Private Transaction

Wed, 28 Oct 2026 16:30:00 -0400

Cloopen Group Holding Limited Announces Completion of Going Private Transaction

Wed, 28 Oct 2026 16:30:00 -0400

Cloopen Group Holding Limited Announces Completion of Going Private Transaction

Wed, 28 Oct 2026 16:30:00 -0400

Cloopen shareholders approve merger that will take company private

Thu, 24 Sep 2026 07:01:37 -0400

Cloopen Group Holding Limited (OTC: RAASY) announced that its shareholders voted to approve a merger agreement at an extraordinary general meeting held Sept. 24, 2026, in Beijing.

The merger agreement, involving SpringX Holdings Limited as parent, AutumnX Holdings Limited as HoldCo, and SummerX Holdings Limited as the merger subsidiary, received approximately 99.98% of total votes cast at the meeting.

Under the terms of the agreement, SummerX Holdings Limited will merge with and into Cloopen, with Cloopen surviving as a wholly-owned subsidiary of AutumnX Holdings Limited. All entities involved are exempted companies incorporated under the laws of the Cayman Islands.

If the merger is

Cloopen shareholders approve merger that will take company private

Thu, 24 Sep 2026 07:01:37 -0400

Cloopen Group Holding Limited (OTC: RAASY) announced that its shareholders voted to approve a merger agreement at an extraordinary general meeting held Sept. 24, 2026, in Beijing.

If the merger is

Cloopen Group Holding Limited Announces Shareholders' Approval of Merger Agreement

Thu, 24 Sep 2026 07:00:00 -0400

BEIJING, Sept. 24, 2026 /PRNewswire/ -- Cloopen Group Holding Limited (OTC: RAASY) ("Cloopen" or the "Company"), today announced that at an extraordinary general meeting of shareholders (the "EGM") held today, the Company's shareholders voted in favor of the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the "Merger Agreement") with SpringX Holdings Limited, an exempted company incorporated with limited liability under the laws of the

Cloopen Group Holding Limited Announces Shareholders' Approval of Merger Agreement

Thu, 24 Sep 2026 07:00:00 -0400

Cloopen Group Holding Limited Announces Shareholders' Approval of Merger Agreement

Thu, 24 Sep 2026 07:00:00 -0400

Cloopen Group Holding Limited Announces Shareholders' Approval of Merger Agreement

Thu, 24 Sep 2026 07:00:00 -0400

Cloopen makes board changes, reappoints two directors

Thu, 05 Feb 2026 07:00:17 -0400

Cloopen Group Holding Limited (OTC: RAASY) announced changes to its board of directors and compensation committee membership, effective February 5, 2026.

The company said Qingsheng Zheng and Ye Yuan resigned as directors for personal reasons. Both confirmed they have no disagreement with the company regarding its operations, policies or practices.

The board approved the reappointment of both Zheng and Yuan as directors, conditional upon receiving their executed consent to act.

Yuan also resigned from the compensation committee. The board appointed Pengfei Yuan, a current director, to serve as a member of the compensation committee, effective the same date.

Cloopen operates as a cloud-based communications

Cloopen makes board changes, reappoints two directors

Thu, 05 Feb 2026 07:00:17 -0400

Cloopen Group Holding Limited (OTC: RAASY) announced changes to its board of directors and compensation committee membership, effective February 5, 2026.

The company said Qingsheng Zheng and Ye Yuan resigned as directors for personal reasons. Both confirmed they have no disagreement with the company regarding its operations, policies or practices.

The board approved the reappointment of both Zheng and Yuan as directors, conditional upon receiving their executed consent to act.

Yuan also resigned from the compensation committee. The board appointed Pengfei Yuan, a current director, to serve as a member of the compensation committee, effective the same date.

Cloopen operates as a cloud-based communications

Cloopen makes board changes, reappoints two directors

Thu, 05 Feb 2026 07:00:17 -0400

Cloopen Group Holding Limited (OTC: RAASY) announced changes to its board of directors and compensation committee membership, effective February 5, 2026.

The company said Qingsheng Zheng and Ye Yuan resigned as directors for personal reasons. Both confirmed they have no disagreement with the company regarding its operations, policies or practices.

The board approved the reappointment of both Zheng and Yuan as directors, conditional upon receiving their executed consent to act.

Yuan also resigned from the compensation committee. The board appointed Pengfei Yuan, a current director, to serve as a member of the compensation committee, effective the same date.

Cloopen operates as a cloud-based communications

Cloopen Announces Changes to Board of Directors and Committee Membership