News & Press Releases

Ademi LLP is investigating iClick (NASDAQ: ICLK) for possible breaches of fiduciary duty and other violations of law in its transaction with Amber DWM.

iClick Interactive (NASDAQ: ICLK), a renowned marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, is reporting the results of its annual general meeting of shareholders (“AGM”), which was held on Sept. 30, 2024, in Hong Kong. According to the report, company shareholders voted on three agenda items, including the disposal of the company’s demand-side marketing solutions business in mainland China; the disposal of the company’s enterprise-solutions business in mainland China; and the appointment of Winson Ip Wing Wai as an independent director of the company. All three items were approved, ratified and/or confirmed.

iClick Interactive (NASDAQ: ICLK), a renowned marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, has closed on the disposal of its enterprise solutions business in mainland China. The closure was in accordance with terms and conditions outlined in a share purchase agreement, released in July 2024. According to the announcement, the company is “continuing to optimize its operations, enhance profitability and realign the business focus to meet market trends and drive shareholder value.”

iClick (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that a definitive agreement to sell its demand side marketing solution business in mainland China has been executed. The business will be sold to SiAct Inc. at a consideration of RMB1 million or equivalents in U.S. dollars. The sale aligns with iClick’s strategy to not only scale down lower-margin and high-risk businesses in its marketing solutions segment but also optimize its operations and realign its business focus to meet market trends. According to the announcement, the sale will enable the company to concentrate resources on service offerings that have higher margins, greater operational efficiency and flexibility, and balanced risks.

iClick Interactive shares are trading lower by 54.5% during Friday's session. The company announced the termination of its merger agreement.

iClick (NASDAQ: ICLK) is a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions. The company today announced that its wholly owned subsidiary, Optimix Media Asia Limited, entered into a share purchase agreement on July 19, 2024, to sell its equity interest in Tetris Media Limited to BeihaiOne Limited. According to the announcement, iClick delivers its enterprise solutions in mainland China primarily through Tetris and its subsidiaries. The announcement noted that this strategic move is intended to optimize the company’s operations based on the performance of business units, improve profitability, and realign the business focus to meet market trends and demands in the SaaS sector. Following the sale, iClick will continue to operate its enterprise solutions business in Hong Kong and marketing solutions business in mainland China, Hong Kong and overseas. “The uncertain macroeconomic conditions and the intense competition in the SaaS market in mainland China have resulted in diminished segment margins and operating cashflows. Given the limited growth opportunity, our board of directors has decided to dispose of Tetris and its subsidiaries. We will continue our cost optimization efforts to drive greater operational efficiency, and enhance the company’s capabilities and sustainability. We believe these will help the company ultimately enhance financial performance as well as drive returns to the shareholders,” said Mr. Jian Tang, iClick’s CEO and Co-Founder.

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, has announced a new independent director of the company’s board of directors. The company appointed Winson Ip Wing Wai to the board, effective June 24, 2024; the announcement also noted that Ip will serve as the chair of the board audit committee. In conjunction with the new appointment, the company announced that Matthew Fong resigned as an independent director and the chair of the audit committee. Ip has more than two decades of experience across an array of sectors, including financial and operational management; compliance and environmental, social and governance (“ESG”) management; investment; merger and acquisition; investor relations; accounting and auditing. He currently serves as an independent nonexecutive director and chair of the audit committee of Deewin Tianxia Co. and has held several other management and executive positions with a variety of companies, including 8088 Investment Holdings Limited, Beijing Beida Jade Bird Universal Sci-Tech Company Limited, Sincere Watch (Hong Kong) Limited, Huili Resources (Group) Limited and King Stone Energy Group Limited. “The addition of Mr. Ip to the board will bring additional guidance and leadership for iClick,” said iClick Interactive CEO ad cofounder Jian Tang in the press release. “Mr. Ip has comprehensive business experience in management and leadership roles in various sectors in Hong Kong , Japan and mainland China that will be highly relevant to us. We look forward to leveraging his insights to achieve our corporate goals. I would like to thank Mr. Matthew Fong for his insights and advice on iClick’s financial management and corporate finance. We certainly wish him every success in his future endeavors.”

iClick (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, announced that it filed its 2023 annual report on Form 20-F. Filed with the U.S. Securities and Exchange Commission (“SEC”) on June 20, 2024, the annual report on Form 20-F contains the company’s audited consolidated financial statements for the fiscal year ended December 31, 2023. It can be accessed on the SEC’s website as well as iClick’s investor relations website.

Our coverage for Tuesday starts with a dive into the biggest pre-market stock movers traders will want to keep an eye on today!

iClick (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced the termination of the previously announced merger agreement by and among iClick, TSH Investment Holding Limited, and TSH Merger Sub Limited. The merger agreement was initially announced in November 2023. The announcement also noted that iClick, acting upon the recommendation of the special committee, has sent a notice of termination to TSH Investment Holding Limited and TSH Merger Sub Limited, notifying them that it is exercising its right to terminate the merger agreement and demanding TSH Investment Holding Limited to pay the US$1,800,000 termination fee by May 9, 2024, pursuant to the terms of the merger agreement. As a result of the termination of the merger agreement, the proposed merger will not be completed. According to the announcement, TSH Investment Holding Limited and TSH Merger Sub Limited failed to complete the merger agreement within ten business days following March 29, 2024, the delivery date of the closing notice, pursuant to the terms of the merger agreement.

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, has appointed a new chief financial officer. The company announced that Josephine Ngai Yuk Chun has been named iClick Interactive CFO, effective March 31, 2024; David Zhang, the company’s previous CFO will continue to work with iClick as a senior advisor. With more than two decades of experience, Ngai has been serving as vice president, finance & group financial controller at iClick and has been with the company since 2019. Before joining iClick, Ngai worked in a variety of auditing and senior management roles capacity at a Big Four accounting firm and conglomerates listed on the Hong Kong Stock Exchange. “We are delighted to congratulate Josephine on her promotion to chief financial officer of the company,” said iClick chair, CEO and cofounder Jian Tang. “Her extensive professional knowledge and experience, coupled with her expertise in corporate governance and financial controls, makes her a valuable addition to the management team as we pursue our long-term strategies and operational efficiencies. We want to express our gratitude to David for his professionalism and contributions to iClick, where he has served as our chief financial officer and director since January 2022 , and as a senior vice president of finance since 2021. We also thank him for his continued support in his new role.”

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, is reporting on its extraordinary general meeting of shareholders, which was held today. According to the report, during the meeting, company shareholders approved a proposal for the execution, delivery and performance of a plan of merger between TSH Investment Holding Limited and its wholly owned subsidiary, TSH Merger Sub Limited. The merger was initially announced in November 2023. The announcement noted that an estimated 54.97% of the company’s total outstanding Class A ordinary shares and Class B ordinary shares attended the meeting in person or by proxy, with each shareholder having one vote for each Class A share or 20 votes for each Class B share. These shares represented approximately 84.64% of the total outstanding eligible votes represented by the company’s total ordinary shares, with the company reporting that the merger agreement, the plan of merger and the required transactions were approved by approximately 99.77% of the total votes cast at meeting.

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, has scheduled an extraordinary general meeting (“EGM”) of shareholders. According to the announcement, the meeting is slated to begin at 8 p.m. ET on March 7, 2024 (9 a.m. ET on March 8, 2024, Hong Kong time) in Hong Kong. The meeting has been called for stockholders to consider and vote on several items, including the proposal to authorize and approve the agreement and plan of merger by and among TSH Investment Holding Limited, its wholly owned subsidiary TSH Merger Sub Limited and iClick Interactive. The merger was announced in November 2023. iClick’s board of directors has unanimously authorized and approved the execution, delivery and performance of the merger agreement, the plan of merger and the consummation of the transactions, including the merger; the board has also unanimously resolved to recommend that the company’s shareholders and ADS holders vote for, among other things, the proposal to authorize and approve the execution, delivery and performance of the merger agreement, the plan of merger and the consummation of the transactions, including the merger.

iClick Interactive Asia just reported results for the first half of 2023.

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, is reporting on its unaudited financial results for the six months ended June 30, 2023. According to the report, revenuefor the first half of 2023 was $67.1 million, compared with $85.5 million for the same period in 2022; gross profitfor the period totaled $16.8 million, compared with $25.3 million for the first half of 2022; total operating expensescame in at $40.7 million, compared with $52.3 million for the same period in 2022; and net loss totaled $28.6 million for the first half of 2023, compared with $55.1 million for the first half of 2022. In addition, Adjusted EBITDAfor the first half of 2023 was a loss of $21.1 million. Other notable items from the report include the company entering into a definitive agreement and plan of merger with TSH Investment Holding Limited and TSH Merger Sub Limited; the merger is currently expected to close in the Q1 2024, subject to customary closing conditions including an affirmative vote of shareholders. If the merger is completed, the company will become a privately held entity and its ADSs will no longer be listed on NASDAQ. “In the first half of 2023, we fulfilled the service needs from key customers with our continuous strategy on reducing low-margin, high-risk businesses within the Marketing Solutions segment with reasonable targets to curtail cost for operational efficiency and performance,” said iClick Interactive CEO and cofounder Jian “T.J.” Tang in the press release. “The company’s topline performance was affected by slow recovery of economic growth and customer demand after the pandemic. In the future, we will continue to maintain a balanced customer base and core products and services offering, and look forward to improvements on the macroeconomic environment.”

iClick (NASDAQ: ICLK) is a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions. The company today announced that it will hold its 2023 annual general meeting on Dec. 29, 2023, at 9:00 a.m. ( Hong Kong time) or on Dec. 28, 2023, at 8:00 p.m. (New York time) in Hong Kong, People’s Republic of China. Only shareholders of record at the close of business on Nov. 29, 2023, (New York Time) are entitled to receive notice of and to attend the company’s annual general meeting or any adjournment or postponement thereof. The notice of iClick’s annual general meeting and its 2022 annual report containing the complete audited financial statements and the report of auditors for the year ended Dec. 31, 2022, are available on the investor relations section of the company’s website.

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, has entered into a definitive agreement and plan of merger. The agreement is with TSH Investment Holding Limited and TSH Merger Sub Limited. The agreement will result in the company becoming a wholly owned subsidiary of TSH Investment Holding Limited. According to the announcement, funds for the merger will come from a combination of a cash contribution from Rise Chain Investment Limited, debt financing provided by New Age SP II and equity rollover by the rollover shareholders. The announcement noted that the board had unanimously approved the merger agreement and the merger, and unanimously resolved to recommend that iClick shareholders vote to authorize and approve the merger agreement and merger as well. It is anticipated that the merger will close in Q1 2024; the transaction is subject to customary closing conditions including an affirmative vote of shareholders representing at least two-thirds of the voting power of the outstanding shares present and voting in person or by proxy at a meeting of company shareholders.