BLCT News and Press, BlueCity Holdings Limited From 05/19/22

BEIJING, May 19, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that that it has promoted Mr. Junchen Sun, acting Chief Financial Officer of the Company, to Chief F...

Eight new deals announced last week. Chicken Soup acquires Redbox in a 'take-under' at a massive discount. Following Elon Musk's tweet last week, stating that the Twitter deal is temporarily on hold, Twitter shares fell as low as $40.01 on Friday, May 13, 2022. For further d...

Two of the three new deals announced last week were potential deals in the works. Black Knight entered into a definitive agreement to be acquired by Intercontinental Exchange in a deal valued at $13.1 billion. Welltower made a nearly $5 billion all-cash bid for Healthcare Realty T...

BEIJING, May 06, 2022 (GLOBE NEWSWIRE) -- Blued, a world-leading online LGBTQ+ community platform connecting over 60 million users across continents, has launched an HIV awareness and testing campaign in South Korea, teaming up YouTube influencers and NGOs such as the Seoul iSHAP Center and...

Elon Musk's acquisition of Twitter announced last Monday was the largest deal announced last week. The spread on the Twitter-Musk deal is 10.57%, indicating that investors are concerned about the deal being consummated. The merger agreement includes a termination fee of $1 billion...

Innoviz Technologies (INVZ) +22% after selected to be a LiDAR supplier for large vehicle maker. Redbox Entertainment (RDBX) +20%. Hilltop Holdings (HTH) +14% on commencing offer to repurchase up to $400M of its stock. Companhia Energetica (CIG) +14%. BlueCity Holdings (BLC...

BEIJING, April 30, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) wi...

BEIJING, April 29, 2022 (GLOBE NEWSWIRE) -- BlueCity (Nasdaq: BLCT), a world-leading LGBTQ platform that provides a full suite of services aimed at fostering connection and enhancing the well-being of its global community, has been named a winner in the World Health Organization’s (W...

BEIJING, April 28, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced that it filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended Decem...

American depositary shares of BlueCity Holdings (NASDAQ:BLCT) have fallen ~9% on Monday after the buyer group under a previously announced proposed going-private deal reduced the purchase price for the company. BlueCity had received a non-binding letter from its CEO and Spriver Tech in early ...