Cloopen Shareholders Approve Go-Private Merger With 99.98% Vote
Beijing – September 24, 2026 -- Cloopen Group Holding Limited (OTC: RAASY) shareholders approved a merger agreement that will take the Chinese cloud communications provider private, with approximately 99.98% of votes cast at an extraordinary general meeting backing the deal.
Shareholders clear merger with SpringX Holdings and related entities
The Merger Agreement involves SpringX Holdings Limited as Parent, AutumnX Holdings Limited as HoldCo, and SummerX Holdings Limited as Merger Sub, all exempted companies incorporated in the Cayman Islands. Under the structure, Merger Sub will merge into Cloopen pursuant to Part 16 of the Cayman Islands Companies Act, with Cloopen surviving as a wholly-owned subsidiary of HoldCo.