China’s Galy Auto is officially taking its luxury EV assistant Zeekr Private only a year after the company. Started On New York Stock Exchange.
After President Donald Trump, this news comes after two months of offering Gely to take Zeekr private. Threat Earlier this year, Chinese shares were removed from American exchanges.
When the merger stops, ZeekR shareholders will receive $ 2.69 either $ 2.69 or 1.23 newly issued geely shares for each ZeekR share, according to a regulator, according to a regulator, AdmissionZeekr American Depository Share (Ads) holder, who represents every 10 zeekr shares, will receive either $ 26.87 in cash or 12.3 geely shares, which are given as Gealy Ads. It is a little more offered than what is Gely proposed for the first time in May,
Investors can choose between some Hong Kong retail investors, between cash or stock options, who will get cash by default.
The board of Zeekr has already approved the merger, which is expected to close in the fourth quarter of 2025.
It is unclear how to go to private will affect your deal with Waymo to build a move of zeekr Objective-manufactured robotaxis This year is expected to launch its ZeeKR vehicles in Bay Area for mass deployment at US WEME, some of which have been there Spotted test On the streets of San Francisco.
Techcrunch has reached Waymo for more information.
