MILWAUKEE, May 12, 2026 /PRNewswire/ -- Ademi LLP is investigating Cloopen (OTC: RAASY) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with a consortium led by founder and CEO Changxun Sun.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
Cloopen stockholders will receive $0.4940 per ordinary share and $2.9641 per American Depositary Share in a going-private transaction valued at approximately $162.89 million. Cloopen insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Cloopen by imposing a significant penalty if Cloopen accepts a competing bid. We are investigating the conduct of the Cloopen board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi LLP
Guri Ademi
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SOURCE Ademi LLP
