Iclick Interacti - ICLK STOCK NEWS

On January 20, 2023, iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced that its board's special committee has retained Houlihan Lokey as a financial advisor and Cleary Gottlieb Steen & Hamilton LLP as legal counsel to review a preliminary non-binding proposal from Igomax Inc., Bubinga Holdings Limited, and Rise Chain Investment Limited, submitted on December 20, 2022. The Special Committee cautions shareholders that they are still evaluating the proposal and have not made any decisions yet. No assurance is provided that any definitive offer will be made or executed regarding this transaction.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced a $5 million share repurchase program, effective from January 1, 2023, to December 31, 2023. The program aims to buy back its own American Depositary Shares (ADSs) using existing cash and operational revenues. Repurchases will occur on the open market or through negotiated transactions, adhering to applicable regulations. This initiative reflects iClick's strategy to enhance shareholder value while maintaining flexibility in execution.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) held its annual general meeting in Hong Kong on December 20, 2022. During the meeting, shareholders approved the appointment of Mr. Tiezhu (David) Zhang as a director. iClick, founded in 2009, is recognized as a leading enterprise and marketing cloud platform in China, focused on enabling brands to harness the potential of smart retail. The company operates across Asia and Europe, providing data-driven solutions to drive business growth.

On December 20, 2022, iClick Interactive Asia Group Limited (NASDAQ: ICLK) received a preliminary non-binding acquisition proposal from a consortium led by its chairman and CEO, Jian Tang. The bid offers US$4.0672 per American Depositary Share (ADS) and US$0.81344 per ordinary share. The consortium, which owns approximately 63% of the company's voting power, plans to finance the acquisition through equity and debt. A special committee of independent directors will evaluate the proposal, but no assurances are given regarding the completion of the transaction.

iClick Interactive Asia Group Limited (NASDAQ: ICLK), a leading marketing cloud platform in China, announced it has regained compliance with Nasdaq's Minimum Bid Price Requirement. The company received a Compliance Notice on November 29, 2022, indicating its American depositary shares (ADSs) have met the price of $1.00 for 10 consecutive business days since November 14, 2022. This follows a previous notification from June 14, 2022, regarding the ADSs falling below the required minimum bid price.

iClick Interactive Asia Group Limited (Nasdaq: ICLK) reported its Q3 2022 financials, revealing a total revenue of US$41.0 million, down 53% from US$86.8 million in Q3 2021. Marketing Solutions revenue fell 62% to US$25.0 million, while Enterprise Solutions decreased 21% to US$16.0 million. The gross profit was US$9.2 million, a 58% drop from last year, resulting in a net loss of US$19.4 million. Despite these challenges, Enterprise Solutions saw a 16% QoQ growth. iClick maintains a strong cash position of US$99.9 million.