Shares Of Chinese Online Pet-Focused Platform Boqii (BQ) Spiked 32% After Hours: Here's Why - Boqii Holding (AMEX:BQ)

Group 1 - Boqii Holding Limited's shares increased by 32.5% in after-hours trading, reaching a price of $2.65, despite a 4.76% decline to $2 during regular trading hours on the same day [1] - The company filed a Form 6-K with the SEC, detailing an equity interest repurchase agreement dated December 4 [2] - Founders of Nanjing Xingmu Biotechnology will repurchase a 14.5% equity stake from Shanghai Guangcheng for RMB 12.5 million ($1.76 million) in cash installments [3] Group 2 - The repurchase will lead to the termination of the variable interest entity (VIE) arrangements between Nanjing Xinmu Information Technology Co., Ltd., Nanjing Xingmu Biotechnology, and its shareholders [5] - Under current VIE arrangements, Nanjing Xinmu Information Technology consolidates Nanjing Xingmu's operating results in Boqii's financial statements [6] - Boqii's stock has fallen 50.62% year-to-date, with a market capitalization of $7.16 million and an annual trading range of $1.62 to $56.10 [7]