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Gridsum Announces Completion of "Going Private" Merger
Gridsum, 3/25/21
Gridsum Holding ("Gridsum" or the "Company") (Nasdaq: GSUM), a provider of cloud-based big-data analytics and artificial intelligence solutions in China, today announced the completion of the merger with Gridsum Growth Inc. ("Merger Sub"), a wholly-owned subsidiary of Gridsum Corporation ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of September 30, 2020 (the "Merger Agreement"), by the Company, Parent and Merger Sub. Read More
Gridsum Enters into Definitive Agreement for Going-Private Transaction
Gridsum, 10/01/20
Beijing-based Gridsum Holding Inc. ("Gridsum" or the "Company") (Nasdaq: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gridsum Corporation ("Parent"), and Gridsum Growth Inc., a wholly owned Subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium led by Mr. QI Guosheng (the "Chairman"), chairman of the board of directors of the Company (the "Consortium") in an all-cash transaction that values the Company's equity at approximately USD 75.5 mln (the "Merger"). Read More
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