Welcome to our dedicated page for Iclick Interacti news (Ticker: ICLK), a resource for investors and traders seeking the latest updates and insights on Iclick Interacti stock.
The news feed for iClick Interactive Asia Group Limited (historically trading as ICLK on Nasdaq) provides an archive of company announcements and developments that document its evolution from an Asia-focused online marketing and enterprise solutions provider into Amber International Holding Limited, trading under the ticker AMBR. Company press releases describe iClick as a renowned online marketing and enterprise solutions provider in Asia and a marketing cloud platform in China, using proprietary technologies and data-driven solutions to support brands across the full consumer lifecycle.
Recent news items focus on significant corporate events, including the entry into a definitive Agreement and Plan of Merger with Amber DWM Holding Limited, the holding entity of Amber Group’s digital wealth management business known as Amber Premium. Coverage includes the announcement of the merger terms, shareholder approval at an extraordinary general meeting, and subsequent confirmation of Nasdaq approval for the post-merger listing under the new name Amber International Holding Limited and ticker symbol AMBR. Press releases also describe the adoption of amended and restated memorandum and articles of association, a variation of share capital, and the expected timing for the ticker change.
Other news articles in the ICLK archive highlight strategic disposals and operational changes, such as the closing of the disposal of the company’s enterprise solutions business in mainland China and the disposal of its demand side marketing solutions business in mainland China. The company explains that these steps are intended to optimize operations, enhance profitability, and realign its business focus. Additional releases cover financial reporting for half-year periods, changes of auditor, and shareholder meeting results.
Together, these news items offer investors and researchers a detailed record of how the entity historically listed as ICLK has reshaped its business and capital structure, culminating in its transition to Amber International Holding Limited and the AMBR ticker. Users interested in the company’s strategic shift, merger process, and historical marketing technology activities can review this archive to understand the context behind the current Amber International listing.
iClick Interactive Asia Group (NASDAQ: ICLK) has announced significant progress towards finalizing its merger with Amber DWM Holding . The company has secured Nasdaq approval and will be renamed to Amber International Holding , trading under the new ticker AMBR effective March 13, 2025.
The parties have entered into an Amendment, Waiver and Framework Agreement to streamline the merger process, modifying certain conditions of the original Merger Agreement dated November 29, 2024. Key arrangements include the pending DWM Asset Restructuring, involving the acquisition of WhaleFin Markets and the assumption of WhaleFin Technologies contracts.
To expedite the merger closing, alternative arrangements have been established to ensure iClick receives equivalent economic benefits while awaiting regulatory approvals. The merger is expected to take effect around March 12, 2025, with trading under the new ticker AMBR commencing the following day on the Nasdaq Global Market.
iClick Interactive Asia Group (NASDAQ: ICLK) announced the successful completion of its Extraordinary General Meeting (EGM) on January 3, 2025, where shareholders approved key proposals related to the merger agreement dated November 29, 2024. The merger involves Overlord Merger Sub and Amber DWM Holding , with Amber DWM becoming a wholly-owned subsidiary of iClick.
Shareholders approved several special resolutions, including: the adoption of a tenth amended and restated memorandum and articles of association, the company name change to 'Amber International Holding ', and a variation of share capital structure. The authorized share capital will be US$1,300,000, divided into 1,191,000,000 New Class A Shares and 109,000,000 New Class B Shares.
The merger completion remains subject to satisfying closing conditions, including regulatory and stock exchange approvals.
iClick Interactive Asia Group (NASDAQ: ICLK) announced an extraordinary general meeting (EGM) scheduled for January 3, 2025, in Hong Kong. The primary purpose is to seek shareholder approval for the merger agreement dated November 29, 2024, between iClick and Amber DWM Holding .
The merger will result in Amber DWM becoming a wholly-owned subsidiary of iClick, with shareholders exchanging their Amber DWM shares for newly issued Class A and Class B ordinary shares of iClick. Key proposals include changing the company name to Amber International Holding and restructuring the authorized share capital to US$1,300,000, divided into 1,191,000,000 New Class A Shares and 109,000,000 New Class B Shares.
Amber DWM Holding , a subsidiary of Amber Group, has entered into a definitive merger agreement with iClick Interactive Asia Group (NASDAQ: ICLK). The transaction values Amber DWM at $360 million and iClick at $40 million. Post-merger, Amber DWM shareholders will own approximately 90% of the combined company with 97% voting power, while iClick shareholders will retain 10% ownership with 3% voting power. The merged entity will be renamed to Amber International Holding . The deal includes a 12-month lock-up period for Amber DWM shareholders and must be completed by June 30, 2025.
iClick Interactive Asia Group (NASDAQ: ICLK) has entered into a definitive merger agreement with Amber DWM Holding, a digital wealth management services provider. The merger values iClick at US$40 million and Amber DWM at US$360 million. Post-merger, Amber DWM shareholders will own 90% of shares and 97% voting power, while iClick shareholders will retain 10% of shares and 3% voting power. The company will be renamed to Amber International Holding . The merger completion is expected by June 30, 2025, subject to shareholder and regulatory approvals. Amber DWM shareholders agreed to a 12-month lock-up period for received shares.
iClick Interactive Asia Group reported unaudited financial results for H1 2024. Total revenue from continuing operations decreased 16% to US$14.2 million. Marketing Solutions revenue declined 26% to US$9.3 million, while Enterprise Solutions revenue grew 13% to US$4.9 million. The company's gross margin improved to 56.9% from 54.6% year-over-year. Net loss from continuing operations significantly improved to US$1.3 million from US$10.3 million in H1 2023. Cash position strengthened to US$70.2 million as of June 30, 2024, up from US$41.3 million at end-2023. The company completed the disposal of its mainland China Enterprise Solutions and demand side Marketing Solutions businesses.
iClick Interactive Asia Group (NASDAQ: ICLK) has completed the previously announced disposal of its demand side marketing solutions business in mainland China, as per the share purchase agreement dated September 11, 2024. The company plans to enhance operational efficiency and realign its business focus to adapt to market trends, aiming to improve liquidity and profitability for potential long-term shareholder value creation.
iClick Interactive Asia Group (NASDAQ: ICLK), a leading marketing cloud platform in China, has appointed WWC, P.C. Certified Professional Accountants as its new independent registered public accounting firm, effective September 30, 2024. This change, approved by the audit committee, replaces PricewaterhouseCoopers (PwC), who declined to stand for re-election.
PwC's reports for fiscal years 2023 and 2022 contained no adverse opinions or modifications. There were no disagreements between iClick and PwC on accounting principles or practices. However, material weaknesses in internal control over financial reporting were disclosed for both years.
iClick has not consulted with WWC on any significant accounting or auditing matters prior to the appointment. The company expressed gratitude to PwC and is working to ensure a smooth transition between the firms.
iClick Interactive Asia Group (NASDAQ: ICLK) announced the results of its annual general meeting (AGM) held on September 30, 2024, in Hong Kong. Shareholders approved three key resolutions:
1. The disposal of the company's demand side marketing solutions business in mainland China
2. The disposal of the company's enterprise solutions business in mainland China
3. The appointment of Mr. Winson Ip Wing Wai as an independent director
Approximately 74% of total outstanding votes were represented at the AGM, with each resolution receiving approval from 96% or more of the votes cast. CEO Jian Tang expressed gratitude for shareholder support, stating that the disposals aim to improve profitability and operational efficiency. The company expects improved financial performance with reduced debt and capital-intensive operations in the coming six months.
iClick Interactive Asia Group (NASDAQ: ICLK) has successfully closed the disposal of its enterprise solutions business in mainland China, as announced on July 19, 2024. This strategic move is part of the company's ongoing efforts to optimize operations, enhance profitability, and realign its business focus to better respond to market trends and create shareholder value.
As a leading marketing cloud platform in China, iClick provides full-stack consumer lifecycle solutions to global brands. The completion of this disposal marks a significant step in the company's strategic restructuring, potentially allowing for a more streamlined focus on its core marketing technology services.
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