NEWS: $400M merger
iClick Interactive Asia Group Limited Enters into a Definitive Merger Agreement with Amber DWM Holding Limited, a Leading Asian Digital Wealth Management Services Provider
iClick Interactive Asia Group (NASDAQ: ICLK) has entered into a definitive merger agreement with Amber DWM Holding, a digital wealth management services provider.
The merger values iClick at US$40 million and Amber DWM at US$360 million.
Post-merger, Amber DWM shareholders will own 90% of shares and 97% voting power, while iClick shareholders will retain 10% of shares and 3% voting power.
The company will be renamed to Amber International Holding .
The merger completion is expected by June 30, 2025, subject to shareholder and regulatory approvals.
Amber DWM shareholders agreed to a 12-month lock-up period for received shares.
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