Form 144 details 2.66M Luckin Coffee ADS planned secondary sale
Rhea-AI Filing Summary
An existing holder of Luckin Coffee Inc. (LKNCY) has filed a notice to sell up to 2,662,315 American Depositary Shares, each representing eight Class A ordinary shares. The shares have an indicated aggregate market value of 106,492,600.00 and are expected to be sold around 11/18/2025 through Goldman Sachs & Co. LLC on the PINK market. As context, the notice lists 266,231,521 shares outstanding for this class of securities. The seller reports that the securities being sold were acquired on 05/12/2025 in a distribution in kind from Cameleer II L.P..
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FAQ
How many Luckin Coffee (LKNCY) ADS are covered by this Rule 144 notice?
The notice covers up to 2,662,315 American Depositary Shares of Luckin Coffee Inc., with each ADS representing eight Class A ordinary shares.
On which market and through which broker will the LKNCY ADS be sold?
The Luckin Coffee ADS are expected to be sold on the PINK market through Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY 10282.
How and when were the LKNCY securities being sold originally acquired?
The securities being sold were acquired on 05/12/2025 and are described as distributed in kind from Cameleer II L.P., with 25,653,293 securities acquired on that date.
What representation does the seller make about Luckin Coffees information in this notice?
The seller represents that they do not know any material adverse information about the current or prospective operations of Luckin Coffee that has not been publicly disclosed.