According to Foresight News, Nasdaq-listed company iClick announced that it has signed a final merger agreement with Amber DWM's subsidiary Overlord Merger (Merger Sub). Upon completion of the merger, Amber DWM shareholders and iClick shareholders (including ADS holders) will respectively hold approximately 90% and 10% of the issued shares of the merged company before the merger, or 97% and 3% of the voting rights, respectively.
Merger Sub is an exempt company from the Cayman Islands and a direct wholly-owned subsidiary of iClick and Amber DWM. Amber DWM is a digital wealth management subsidiary under Amber Group, branded as 'Amber Premium', serving institutional clients and high-net-worth individuals.