Core Viewpoint - iClick Interactive Asia Group Limited has terminated its merger agreement with TSH Investment Holding Limited and TSH Merger Sub Limited due to the failure of the Parent and Merger Sub to complete the closing within the stipulated timeframe [1][3]. Group 1: Merger Agreement Details - The merger agreement was initially announced on November 24, 2023, and was intended to facilitate a merger between iClick and the Parent and Merger Sub [1]. - On March 29, 2024, iClick delivered a Closing Notice indicating that it was ready to proceed with the merger, but the Parent and Merger Sub did not complete the closing within ten business days as required [2]. - Following the failure to close, iClick exercised its right to terminate the merger agreement and demanded a termination fee of US$1,800,000 to be paid by May 9, 2024 [3]. Group 2: Company Overview - iClick Interactive Asia Group Limited, founded in 2009, is a leading enterprise and marketing cloud platform in China, focusing on empowering global brands in the smart retail market [4]. - The company offers a full suite of data-driven solutions aimed at driving business growth and profitability throughout the consumer lifecycle [4]. - iClick is headquartered in Hong Kong and operates in eleven locations across Asia and Europe [4].
iClick Interactive Asia Group Limited Announces Termination of Merger Agreement