[6-K] The9 LTD Current Report (Foreign Issuer)
The9 Limited disclosed a press release that its Singapore investee, NYB, plans to become a Nasdaq-listed company through a business combination with SPAC RF Acquisition Corp II in a deal valued at US$1.5 billion. The announcement indicates NYB will pursue a public listing in the United States via the SPAC merger structure, which would give NYB Nasdaq access and an implied transaction value of US$1.5 billion. The filing is signed by George Lai, Director and Chief Financial Officer of The9.
The9 Limited ha annunciato che la sua controllata di Singapore, NYB, intende diventare una società quotata a Nasdaq tramite una fusione con SPAC RF Acquisition Corp II, in un'operazione valutata 1,5 miliardi di dollari USA. L'annuncio indica che NYB punta a una quotazione pubblica negli Stati Uniti tramite la struttura di fusione SPAC, che garantirebbe a NYB l'accesso a Nasdaq e una valutazione implicita di 1,5 miliardi di dollari USA. Il documento è firmato da George Lai, direttore e direttore finanziario di The9.
The9 Limited anunció que su investee en Singapur, NYB, planea convertirse en una empresa cotizada en Nasdaq mediante una fusión con SPAC RF Acquisition Corp II en un acuerdo valuado en US$1,5 mil millones. El anuncio indica que NYB buscará una cotización pública en Estados Unidos a través de la estructura de fusión SPAC, lo que le daría a NYB acceso a Nasdaq y un valor de transacción implícito de US$1,5 mil millones. El documento está firmado por George Lai, Director y Director Financiero de The9.
The9 Limited는 싱가포르에 있는 자회사 NYB가 SPAC RF Acquisition Corp II와의 합병을 통해 나스닥 상장을 추진할 예정이며, 거래 가치는 미화 15억 달러로 평가된다고 발표했습니다. 이 발표에 따르면 NYB는 SPAC 합병 구조를 통해 미국에 상장될 것이며, 이를 통해 나스닥 접근성과 15억 달러의 거래 가치를 얻을 수 있습니다. 서류는 The9의 이사이자 최고재무책임자(CFO)인 George Lai가 서명했습니다.
The9 Limited a annoncé que sa filiale à Singapour, NYB, prévoit de devenir une société cotée à Nasdaq via une fusion avec SPAC RF Acquisition Corp II, dans le cadre d'une opération évaluée à 1,5 milliard de dollars américains. L'annonce indique que NYB visera une introduction en bourse aux États‑Unis par la structure de fusion SPAC, ce qui donnerait à NYB l'accès à Nasdaq et une valeur de transaction implicite de 1,5 milliard de dollars. Le dossier est signé par George Lai, administrateur et directeur financier de The9.
The9 Limited hat bekannt gegeben, dass ihre Singapore-Tochter NYB plant, durch eine SPAC-Fusion mit RF Acquisition Corp II an die Nasdaq zu gelangen, in einem Deal, der US$1,5 Milliarden bewertet wird. Die Ankündigung besagt, dass NYB einen Börsengang in den Vereinigten Staaten über die SPAC-Fusionsstruktur anstreben wird, was NYB den Nasdaq-Zugang und einen impliziten Transaktionswert von US$1,5 Milliarden verschaffen würde. Die Einreichung wurde von George Lai, Director und Chief Financial Officer von The9, unterzeichnet.
The9 Limited أعلنت أن شركة NYB التابعة لها في سنغافورة تخطط لأن تصبح شركة مدرجة في ناسداك من خلال دمج تجاري مع SPAC RF Acquisition Corp II في صفقة تُقدر قيمتها بـ 1.5 مليار دولار أمريكي. تشير الإعلان إلى أن NYB ستسعى لإدراج عام في الولايات المتحدة عبر هيكل اندماج SPAC، مما يمنح NYB إمكانية الوصول إلى Nasdaq وقيمة صفقة ضمنية تبلغ 1.5 مليار دولار. الوثيقة موقعة من George Lai، مدير ومدير مالي لشركة The9.
The9 Limited宣布其新加坡投资实体 NYB 计划通过与 SPAC RF Acquisition Corp II 的并购，成为纳斯达克上市公司，交易规模为 15亿美元美金。公告显示 NYB 将通过 SPAC 并购结构在美国上市，这将使 NYB 获得纳斯达克的准入以及 15 亿美元的隐含交易额。该文件由 George Lai，The9 的董事兼首席财务官签署。
- Material liquidity event: NYB plans a Nasdaq listing via a business combination valued at US$1.5 billion.
- Strategic market access: The SPAC route targets a U.S. public listing on Nasdaq, potentially accelerating NYB's access to capital markets.
- None.
Insights
TL;DR: NYB intends to list on Nasdaq via a US$1.5B SPAC merger, a material strategic liquidity event for the investee and its shareholders.
The announcement that NYB will combine with RF Acquisition Corp II in a US$1.5 billion transaction is a clear, material corporate action that can accelerate NYB's access to U.S. public capital markets. For The9 as an investor, this could crystallize value or provide a pathway to realize investment proceeds, depending on The9's ownership stake and any lock-up provisions, none of which are disclosed here. The SPAC route typically offers a faster listing process than a traditional IPO, but it also transfers certain execution and shareholder-approval risks to the deal process. Because the filing provides headline terms only, further documentation will be required to assess pro forma ownership, implied equity values for existing shareholders, and any covenant or dilution effects.
TL;DR: The disclosed SPAC transaction is material and may affect shareholder outcomes; governance and disclosure details are not provided in this filing.
The press release signals a strategic transaction for NYB and is material for stakeholders, including The9. However, the filing contains only the transaction announcement and lacks details on definitive agreements, shareholder approvals, timelines, and governance changes post-merger. Those items are important to evaluate potential conflicts, related-party arrangements, and any change in board composition or control resulting from the business combination. Absent those specifics, the filing confirms intent and headline valuation but does not allow a full assessment of corporate governance implications.
The9 Limited ha annunciato che la sua controllata di Singapore, NYB, intende diventare una società quotata a Nasdaq tramite una fusione con SPAC RF Acquisition Corp II, in un'operazione valutata 1,5 miliardi di dollari USA. L'annuncio indica che NYB punta a una quotazione pubblica negli Stati Uniti tramite la struttura di fusione SPAC, che garantirebbe a NYB l'accesso a Nasdaq e una valutazione implicita di 1,5 miliardi di dollari USA. Il documento è firmato da George Lai, direttore e direttore finanziario di The9.
The9 Limited anunció que su investee en Singapur, NYB, planea convertirse en una empresa cotizada en Nasdaq mediante una fusión con SPAC RF Acquisition Corp II en un acuerdo valuado en US$1,5 mil millones. El anuncio indica que NYB buscará una cotización pública en Estados Unidos a través de la estructura de fusión SPAC, lo que le daría a NYB acceso a Nasdaq y un valor de transacción implícito de US$1,5 mil millones. El documento está firmado por George Lai, Director y Director Financiero de The9.
The9 Limited는 싱가포르에 있는 자회사 NYB가 SPAC RF Acquisition Corp II와의 합병을 통해 나스닥 상장을 추진할 예정이며, 거래 가치는 미화 15억 달러로 평가된다고 발표했습니다. 이 발표에 따르면 NYB는 SPAC 합병 구조를 통해 미국에 상장될 것이며, 이를 통해 나스닥 접근성과 15억 달러의 거래 가치를 얻을 수 있습니다. 서류는 The9의 이사이자 최고재무책임자(CFO)인 George Lai가 서명했습니다.
The9 Limited a annoncé que sa filiale à Singapour, NYB, prévoit de devenir une société cotée à Nasdaq via une fusion avec SPAC RF Acquisition Corp II, dans le cadre d'une opération évaluée à 1,5 milliard de dollars américains. L'annonce indique que NYB visera une introduction en bourse aux États‑Unis par la structure de fusion SPAC, ce qui donnerait à NYB l'accès à Nasdaq et une valeur de transaction implicite de 1,5 milliard de dollars. Le dossier est signé par George Lai, administrateur et directeur financier de The9.
The9 Limited hat bekannt gegeben, dass ihre Singapore-Tochter NYB plant, durch eine SPAC-Fusion mit RF Acquisition Corp II an die Nasdaq zu gelangen, in einem Deal, der US$1,5 Milliarden bewertet wird. Die Ankündigung besagt, dass NYB einen Börsengang in den Vereinigten Staaten über die SPAC-Fusionsstruktur anstreben wird, was NYB den Nasdaq-Zugang und einen impliziten Transaktionswert von US$1,5 Milliarden verschaffen würde. Die Einreichung wurde von George Lai, Director und Chief Financial Officer von The9, unterzeichnet.
FAQ
What did The9 disclose in the 6-K about NYB and Nasdaq?
Does the filing provide deal terms beyond the US$1.5 billion valuation?
Who signed the filing for The9 Limited?
Which SPAC is NYB combining with according to the filing?
Is there any financial performance or earnings data for NYB in the filing?
