Cloopen Group Holding Limited (historically NYSE: RAAS and now quoted over-the-counter as RAASY) is a China-based, cloud-focused communications solution provider. The company’s news flow reflects both its role in the cloud communications and SaaS sector and its evolving status as a U.S.-reporting issuer.
News releases from Cloopen emphasize its business as a multi-capability cloud-based communications solution provider offering communications platform as a service (CPaaS), cloud-based contact centers (cloud-based CC), and cloud-based unified communications and collaborations (cloud-based UC&C). Updates often restate the company’s mission to enhance enterprise communication experiences and operational productivity through SaaS-based tools and related tactics.
Investors following RAAS/RAASY can expect several recurring categories of news. Cloopen has issued multiple announcements about annual reports on Form 20-F filed with the U.S. Securities and Exchange Commission for fiscal years 2021, 2022, 2023, and 2024, each containing audited financial statements. These filings and related press releases provide insight into the company’s financial reporting and compliance status.
Regulatory and listing developments are another major theme. Cloopen has reported on NYSE listing compliance, including an ADS ratio change that had the effect of a reverse ADS split, subsequent confirmation of compliance with the NYSE minimum share price requirement, and later a NYSE notice commencing delisting proceedings and suspension of trading due to delayed SEC filings. The company has also described the transition of its ADSs to eligibility for trading on the over-the-counter market.
Additional news items cover corporate governance and regulatory matters, such as a settlement with the SEC related to employee misconduct and transaction irregularities, board composition changes with new and departing directors, and a preliminary non-binding proposal for a potential going private transaction submitted by a buyer group including the company’s founder and an investment fund.
By monitoring this news stream, readers can track Cloopen’s disclosures on its cloud communications business, SEC reporting, listing status, governance changes, and any proposed corporate transactions affecting RAAS/RAASY securities.
Cloopen Group Holding (RAASY) received shareholder approval on September 24, 2026, for its previously announced merger agreement with SpringX Holdings and affiliates. At an extraordinary general meeting, approximately 99.98% of votes cast supported the proposal to authorize and approve the agreement and its contemplated transactions, including the merger.
Under the agreement, SummerX Holdings, a subsidiary of AutumnX Holdings, will merge into Cloopen. Cloopen would survive as a wholly owned subsidiary of AutumnX, which is wholly owned by SpringX. The merger has not been completed. If it closes, Cloopen would become privately owned, its ADSs would no longer be quoted on the OTC Pink Market, and its ADS program would end.
Cloopen (OTC: RAASY) announced Board and Compensation Committee membership changes effective February 5, 2026. Two directors, Qingsheng Zheng and Ye Yuan, tendered resignations for personal reasons but confirmed no disagreements with the company. Their re-appointments are approved conditional on executed consents.
The Compensation Committee change appoints director Pengfei Yuan to the committee, and Ye Yuan resigned from that committee effective February 5, 2026.
Cloopen (OTC:RAASY) said its Board received a preliminary, non-binding proposal dated Dec 22, 2025 from founder/CEO Changxun Sun and Trustbridge Partners VII to take the company private.
The Buyer Group proposed to acquire all outstanding ordinary shares for US$0.4940 per ordinary share (or US$2.9641 per ADS, each ADS = six Class A shares) in cash. The price equals a 51.23% premium to the last close and a 74.87% and 86.22% premium to the 15‑ and 30‑day VWAPs, respectively.
The Board will form a special committee of independent, disinterested directors and expects to retain independent financial and legal advisors. The company cautioned there is no assurance a definitive offer or transaction will result.
Cloopen Group Holding Limited (OTC: RAASY) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC). The report, which includes the company's audited financial statements, was filed on September 3, 2025.
Investors can access the annual report through the SEC's website or through Cloopen's investor relations website at ir.yuntongxun.com.
Cloopen Group Holding (OTC: RAAS) has announced the filing of its annual report on Form 20-F with the U.S. Securities and Exchange Commission (SEC) on March 24, 2025. The report covers the fiscal year ended December 31, 2023, and includes the company's audited financial statements. The annual report is accessible through both the SEC's website and Cloopen's investor relations website.
Cloopen Group Holding (OTC: RAASY) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (SEC) on August 27, 2024. This important financial document, which includes Cloopen's audited financial statements, is now accessible to investors and the public through the SEC's website and the company's investor relations portal.
The timely filing of this report demonstrates Cloopen's commitment to transparency and compliance with U.S. securities regulations. Investors can now review the company's financial performance and position for the 2022 fiscal year, providing valuable insights into Cloopen's operations and potential future prospects.
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