- BlueCity ( NASDAQ: BLCT ) announced that shareholders voted in favor of, among other things, the proposal to authorize and approve the earlier announced merger agreement.
- Approx. 48.1% of the total outstanding Class A ordinary shares and Class B ordinary shares, voted in person or by proxy at the extraordinary general meeting.
- If and when completed, the merger would lead to company becoming a private company and its ADSs would no longer be listed or traded on any securities exchange.
For further details see:
BlueCity receives shareholders approval for merger agreement