Cloopen Group Holding Limited has completed its merger with SummerX Holdings, becoming a wholly-owned private subsidiary and ceasing public trading. Shareholders received cash payments of $2.9641 per ADS and $0.4940 per ordinary share, with share-based incentives either cashed out or replaced. The company's ADS listing on the OTC market will be suspended, and it plans to deregister its securities and suspend SEC reporting obligations. This move ends Cloopen's public market presence and shifts it to private ownership under HoldCo.
Cloopen Group Holding Limited's going private transaction is context for Pluang's Technology sector snapshot. For readers following Technology stocks, here is Pluang's market data as of Oct 29, 2026 02:31 WIB: Of 150 priced US Technology stocks, 62 rose and 86 fell. Micron Technology (MU) traded at USD 977.20 with a 1-day change of +5.22% and Pluang order activity of 68% Sell / 32% Buy. Nebius Group (NBIS) rose 5.19% to USD 179.32 with 33% Sell / 67% Buy activity. Fortinet (FTNT) declined 4.86% to USD 176.01 with 0% Sell / 100% Buy activity and a typical hold time of 72 days on Pluang.
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SPIE, a leading European multi-technical services provider, has signed an agreement to acquire a 76% stake in SAR ANLAGENBAU GmbH, a major electrical engineering and automation firm based in Austria and Germany. This acquisition will enhance SPIE's p...
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