Cloopen Group Holding Limited filings document foreign private issuer reporting for an OTC-traded ADR and a China-based cloud communications business. The record includes Form 6-K current reports and annual Form 20-F disclosures that announce audited financial statements and describe Cloopen's CPaaS, cloud-based contact center, and cloud-based unified communications and collaboration offerings.
The filings also cover board composition, compensation committee membership, special committee activity, exhibit press releases, and other governance disclosures. These documents frame Cloopen's public reporting through foreign-issuer forms and formal updates on corporate status and governance matters.
Cloopen Group Holding Limited is set to be taken private via a merger where public investors receive US$0.4940 in cash per ordinary share or US$2.9641 per ADS, subject to terms and conditions. The deal values the transaction at about US$112 million, including equity award settlements and fees.
Funding will come from US$36 million equity each from Trustbridge Partners VII and Dmall, US$300,000 from Cloopen Co., and a term loan facility of up to US$42 million, plus rollover equity from major shareholders. After completion, Cloopen will become a wholly owned subsidiary of HoldCo and its shares and ADSs will be removed from the OTC market.
Cloopen Group Holding Limited entered into a definitive merger agreement for a going-private transaction that values the company’s equity at approximately US$162.89 million. Public shareholders will receive US$0.4940 per ordinary share or US$2.9641 per ADS in cash, representing notable premiums to prior trading prices.
A buyer group led by founder and CEO Changxun Sun and several institutional investors already holds about 28.42% of shares and 57.25% of voting power. The deal is expected to close in the fourth quarter of 2026, subject to shareholder approval by at least two-thirds of votes cast and other closing conditions.
Financing includes a term facility of up to US$42 million from China Minsheng Banking Corp., Ltd. If completed, Cloopen will become a wholly owned private company, its ADSs will cease trading on the OTC Pink Market, and the ADS program will be terminated.
Cloopen Group Holding Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The filing includes audited financial statements and other annual disclosures.
Investors can access the Form 20-F on the SEC’s website and through Cloopen’s investor relations site. The company describes itself as a leading multi-capability cloud-based communications solution provider in China, offering CPaaS, cloud contact center, and unified communications and collaboration services.
Cloopen Group Holding Limited (RAASY) files its annual report as a Cayman Islands holding company whose China operations run through a variable interest entity (VIE) structure. Investors hold ADSs in the offshore parent, not equity in onshore operating entities.
The company highlights significant regulatory and structural risks, including potential PRC action against VIE arrangements, currency controls that could restrict cash transfers, and new CSRC filing rules for future overseas offerings. It also faces possible U.S. trading prohibitions under the Holding Foreign Companies Accountable Act if PCAOB access to its Hong Kong auditor is curtailed again.
Cloopen discloses a prior employee misconduct issue that triggered an SEC settlement, class‑action litigation, and a costly restatement, as well as multiple material weaknesses in internal control. The business remains loss‑making, with substantial net losses and operating cash outflows in 2023–2025 and no dividend history.
Cloopen Group Holding Ltd director Luo Cheng has reported his equity interests in the company. The filing shows he holds 1,500,000 restricted share units, each representing one Class A ordinary share, granted on April 1, 2024, and all of these units have vested at an exercise price of $0.0000 per share.
In addition, 400,000 Class A ordinary shares are reported as held indirectly through Flawless Success Limited, which acts as a nominee for an employee trust that holds shares for grantees under Cloopen’s share incentive plans.
Cloopen Group Holding Ltd director Yang Zi filed an initial Form 3, which is a required statement of beneficial ownership when someone becomes an insider. The filing does not report any stock purchases, sales, or other transactions, and no derivative holdings are listed.
Cloopen Group Holding Ltd director Yuan Pengfei has reported his initial equity holdings. The filing shows 400,000 restricted share units, each representing one Class A ordinary share, all of which have vested. These units were granted on April 1, 2024.
The filing also reports 245,000 Class A ordinary shares held indirectly through Flawless Wisdom Limited, which acts as a nominee for an employee trust benefiting grantees under the company’s share incentive plans.
Cloopen Group Holding Ltd director Liu Yimin has filed an initial Form 3 insider ownership report. This Form 3 establishes Liu’s status as a director and discloses their position as an insider of Cloopen, without reporting any accompanying buy, sell, or other share transactions in this filing.
Cloopen Group Holding Ltd’s CPO and CTO, Xiong Xiegang, filed an initial ownership report detailing his equity interests in the company. He reports 1,000,000 restricted share units, each representing one Class A ordinary share, granted on November 30, 2022, which have fully vested.
He also holds options over 1,000,000 Class A ordinary shares with an exercise price of $0.3800 per share, granted on January 29, 2024, which are fully vested. In addition, 1,210,750 Class A Ordinary Shares are held indirectly through Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the company’s share incentive plans.
Cloopen Group Holding Ltd director files initial ownership report. Wang Yuanqi, a director of Cloopen Group Holding Ltd, submitted a Form 3, which is the initial statement of beneficial ownership for insiders. The filing does not list any transactions or specific share holdings, indicating this is a baseline disclosure of insider status.