In a significant move, iClick Interactive Asia Group Limited has approved a merger which will ultimately lead to a substantial transformation in the company’s operation. Here’s everything you need to know about the decision and what lies ahead.
iClick Interactive Approves Merger Agreement
iClick Interactive has confirmed that a majority of its shareholders, nearly 54.97%, have endorsed the merger agreement at the extraordinary general meeting (EGM). The agreement secured a whopping 99.77% of votes in its favor. The shareholders, possessing either Class A or Class B shares, participated in this decision-making process.
Impact of the Merger on iClick’s Future
Post-merger, iClick Interactive is set to transition into a privately-held company. This significant change implies that the firm’s American Depository Shares (ADSs) will cease to be listed or traded on any stock exchange, including the NASDAQ Global Market. Also, the company’s ADS program will face termination once the merger completes, therefore marking a new phase in iClick’s operational journey.
About iClick Interactive: A Marketing Powerhouse in China
Founded in 2009, iClick Interactive is a leading enterprise and marketing cloud platform in China. With its mission of empowering global brands to tap into the vast potential of smart retail, iClick Interactive offers a full suite of data-driven solutions driven by top-end proprietary technologies. The company’s innovative approach has helped brands drive significant business growth and profitability.
In conclusion, the merger of iClick Interactive heralds a new era for the digital marketing firm. As the company delves into the private sector, it’s bound to shape a different narrative for its journey. In addition, the landmark decision reinforces iClick Interactive’s commitment to sustaining innovation in the industry. The future looks bright for this technology and marketing powerhouse in Asia.
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