Welcome to our dedicated page for LAIXY news (Ticker: LAIXY), a resource for investors and traders seeking the latest updates and insights on LAIXY stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LAIXY's position in the market.
LAIX Inc. (OTC: LAIXY), a China-based AI company focused on English learning, has completed its merger with Laix Infinite Co. Ltd. as of October 11, 2022. Following the merger, LAIX became a private entity wholly owned by Parent, with its American depositary shares (ADSs) no longer listed on the OTC Market. Shareholders will receive $0.1357 per Ordinary Share and $1.90 per terminated ADS, minus a cancellation fee. LAIX will also suspend its SEC reporting obligations post-merger. Financial and legal advisors guided the transaction, which was not subject to shareholder voting.
LAIX Inc. (OTC: LAIXY) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 26, 2022. The report details the company's AI-driven English learning products and services, highlighting its flagship mobile app, 'English Liulishuo.' The company utilizes innovative technologies and gamified elements to enhance user engagement. The annual report is accessible on LAIX's investor relations website.
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