TechFlow News — On December 1, Nasdaq-listed iClick announced it has entered into a definitive merger agreement with Overlord Merger (the "Merger Sub"), a subsidiary of Amber DWM. Upon completion of the merger, shareholders of Amber DWM and shareholders of iClick (including ADS holders) will own approximately 90% and 10% of the issued shares of the combined company, respectively, and will hold approximately 97% and 3% of the voting power of the combined company, respectively.
The Merger Sub is an exempted company incorporated in the Cayman Islands and will become the direct wholly-owned subsidiary of both iClick and Amber DWM. Amber DWM is the holding entity for Amber Premium, the digital wealth management business under Amber Group.
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