Iclick Interacti Stock Price, News & Analysis

iClick Interactive Asia Group Limited (NASDAQ: ICLK) historically represented a technology company focused on online marketing and enterprise solutions in Asia. According to multiple company announcements, iClick describes itself as a renowned online marketing and enterprise solutions provider in Asia, using proprietary technologies and a full suite of data-driven solutions to help brands drive business growth and profitability throughout the full consumer lifecycle. Earlier descriptions also characterize iClick as a marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, and as an integrated advertising technology company in China connecting worldwide advertisers with audiences in China through its programmatic marketing platform.

Founded in 2009, iClick has been listed on the Nasdaq Global Market under the ticker symbol ICLK. Over time, the company emphasized data-driven marketing and enterprise software capabilities, including marketing solutions and enterprise solutions, and it reported financial results for these segments in its public filings and press releases. The company has also disclosed strategic changes, such as the disposal of its mainland China enterprise solutions business and its demand side marketing solutions business in mainland China, as part of efforts to optimize operations, enhance profitability, and realign its business focus to adapt to market trends.

A significant corporate transformation for the entity historically trading as ICLK is documented in a series of merger-related announcements. iClick entered into a definitive Agreement and Plan of Merger with Overlord Merger Sub Ltd. and Amber DWM Holding Limited, the holding entity of Amber Group’s digital wealth management business known as Amber Premium. Under this agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly owned subsidiary of the listed company. The transaction values Amber DWM and the listed company at specified equity values and provides that Amber DWM shareholders will receive a mixture of newly issued Class A and Class B ordinary shares of the listed company.

Following shareholder approval at an extraordinary general meeting, the company approved changes to its memorandum and articles of association, a variation of share capital, and a change of name from “iClick Interactive Asia Group Limited” to “Amber International Holding Limited.” A later press release confirms that, upon completion of the merger, the company will be renamed Amber International Holding Limited and that its American Depositary Shares will begin trading on the Nasdaq Global Market under the new ticker symbol AMBR, effective March 13, 2025. Until that effective date, the ADSs continue to trade under the ticker symbol ICLK. The same announcement notes that the company received Nasdaq approval for the listing under the new name and ticker and that all conditions precedent to the closing of the merger have been satisfied or are expected to be satisfied as of closing.

As a result, the ticker ICLK represents the historical listing of iClick Interactive Asia Group Limited and the transition to Amber International Holding Limited. Investors researching ICLK are therefore looking at a company that has evolved from an Asia-focused online marketing and enterprise solutions provider and marketing cloud platform into the listed parent entity of Amber DWM, associated with Amber Premium’s digital wealth management business. The merger documentation and subsequent filings indicate that Amber DWM becomes a wholly owned subsidiary of the listed company, and that the listed entity’s name and ticker change reflect this new strategic focus.

According to the company’s public communications, iClick’s historical operations included marketing solutions and enterprise solutions, with revenue from these segments reported in its financial results. The company has disclosed that it disposed of certain mainland China operations, including its enterprise solutions business and its demand side marketing solutions business, in line with a strategy to improve profitability, reduce lower margin and higher risk businesses, and realign its business focus. These steps, together with the merger with Amber DWM, form part of a broader repositioning of the listed entity.

Business evolution and strategic transactions

The definitive merger agreement between iClick and Amber DWM sets out that Amber DWM shareholders will exchange all of their issued and outstanding share capital for newly issued Class A and Class B ordinary shares of the listed company, in a transaction exempt from the registration requirements under the U.S. Securities Act of 1933. The agreement also contemplates the adoption of a new set of memorandum and articles of association and a capital structure consisting only of Class A and Class B ordinary shares with different voting powers but equal economic rights. Press releases describe the merger as a transformative opportunity to broaden the business portfolio by integrating Amber DWM’s digital wealth management solutions with iClick’s data analytic and enterprise software expertise.

Subsequent announcements provide additional detail on steps taken to facilitate the closing of the merger, including an Amendment, Waiver and Framework Agreement that amends and waives certain closing conditions related to asset restructuring and regulatory approvals. The company explains that these arrangements are intended to afford it substantially the same economic benefits as the transactions originally contemplated, while allowing certain regulatory approvals and restructuring steps to be completed after closing.

Post-merger identity and filings

After the effective date of the merger and the change of name and ticker, SEC filings are made under the name Amber International Holding Limited, with the same registrant continuing to file reports under the Securities Exchange Act of 1934. These filings describe Amber International Holding Limited as operating under the brand name Amber Premium and as a provider of institutional crypto financial services and solutions. They also reference business segments such as online advertising and SaaS solutions and digital assets services and solutions, as reflected in the company’s IFRS-based segment disclosures.

Later Form 6-K filings from Amber International Holding Limited include announcements about private placements, board and management changes, and financial results. For example, the company reports closing a private placement of Class A ordinary shares to institutional investors, with proceeds to be used in connection with a crypto reserve initiative, and announces new directors and executive officers to support its growth strategy. These filings confirm that the legal entity that once operated as iClick Interactive Asia Group Limited and traded as ICLK continues as Amber International Holding Limited with the ticker AMBR.

FAQs about iClick (ICLK) and Amber International (AMBR)

• What did iClick Interactive Asia Group Limited do before the merger?
  According to company press releases and historical descriptions, iClick was an online marketing and enterprise solutions provider in Asia and a marketing cloud platform in China. It used proprietary technologies and a suite of data-driven solutions to help brands manage the full consumer lifecycle.
• What is the relationship between ICLK and AMBR?
  Press releases state that the listed company historically known as iClick Interactive Asia Group Limited and trading under the ticker ICLK approved a change of name to Amber International Holding Limited and, upon completion of the merger with Amber DWM, its ADSs are expected to trade on Nasdaq under the new ticker symbol AMBR.
• What is Amber DWM Holding Limited and Amber Premium?
  The merger announcements describe Amber DWM as the holding entity of Amber Group’s digital wealth management business, known as Amber Premium. Amber Premium is described as a digital wealth management services platform offering private banking-level solutions tailored for the crypto economy to institutions and qualified individuals.
• Did shareholders approve the merger and related changes?
  A press release on the extraordinary general meeting states that shareholders approved the merger agreement, the plan of merger, the amendment and restatement of the memorandum and articles of association, the change of the company name to Amber International Holding Limited, and the variation of share capital.
• What happened to iClick’s mainland China businesses?
  Separate announcements report that iClick closed the disposal of its enterprise solutions business in mainland China and the disposal of its demand side marketing solutions business in mainland China, in each case under share purchase agreements. The company states that these disposals are part of efforts to optimize operations, enhance profitability, and realign its business focus.
• Where is the post-merger company headquartered for SEC purposes?
  Subsequent Form 6-K filings for Amber International Holding Limited list a principal executive office address in Singapore, indicating that the registrant’s principal executive office is located there for filing purposes.
• How does the company describe its business after the merger?
  Later SEC filings describe Amber International Holding Limited as a provider of institutional crypto financial services and solutions operating under the brand name Amber Premium. Segment disclosures also reference online advertising and SaaS solutions and digital assets services and solutions.
• Does ICLK still trade on Nasdaq?
  The merger closing announcement states that the company’s ADSs will begin trading on the Nasdaq Global Market under the new ticker symbol AMBR on or about March 13, 2025, and that before that date they continue to trade under ICLK. This indicates that ICLK functions as the historical ticker, with AMBR as the post-merger symbol.