Cloopen Group Holding to Go Private in US$162.9 Million Merger Led by Founder

An announcement from Cloopen Group Holding ( (RAASY) ) is now available.

On May 12, 2026, Cloopen Group Holding announced it had signed a definitive agreement to be taken private via a merger with entities controlled by a buyer consortium led by founder and CEO Changxun Sun and several financial and strategic investors. The deal implies an equity value of about US$162.89 million, will see Cloopen become a wholly owned subsidiary of a Cayman Islands holding company, and, upon completion expected in the fourth quarter of 2026, will result in its ADSs being delisted from the OTC Pink Market and its ADS program terminated.

Under the terms of the merger, minority shareholders will receive US$0.4940 in cash per ordinary share and US$2.9641 per ADS, representing premiums of 51.23% over Cloopen’s ADS price before the December 22, 2025 going‑private proposal and 110.22% over the May 11, 2026 close, with financing support including a US$42 million term facility commitment. The transaction, approved by the board following unanimous recommendation from a special committee of independent directors, still requires a two‑thirds shareholder vote and other closing conditions, and consolidates control with the buyer group, which already holds a majority of the company’s voting power, reshaping ownership for existing investors who will be cashed out if the deal proceeds.

More about Cloopen Group Holding

Cloopen Group Holding Limited is a leading multi-capability cloud-based communications solution provider in China. The company offers a full suite of cloud-based communications solutions, positioning it within the broader enterprise communications and cloud services market.

Average Trading Volume: 10,742

Technical Sentiment Signal: Sell

Current Market Cap: $75.08M

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