Cloopen Group Holding Ltd has filed to terminate its registration under the Securities Exchange Act of 1934. This significant move, documented in a recent filing, highlights a strategic change for the company. The filing was made on October 29, 2026, and indicates that Cloopen is stepping back from its obligations to file regular reports.
Founded as a player in the prepackaged software industry, Cloopen operates under the SIC code 7372. The company is listed on the OTC exchange under the ticker RAASY. It has been categorized as a non-accelerated filer and an emerging growth company.
The SEC filing, identified by accession number 0001493152-26-049182, confirms the termination of registration. The filing states, "Cloopen Group Holding Limited has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person." This suggests a formal conclusion to its reporting requirements.
This decision may affect various stakeholders, including current investors who may have relied on the company’s previous filings for transparency. Additionally, the move could influence potential investors considering entry into the prepackaged software market.
The filing does not say what happens next, leaving uncertainty about Cloopen's future plans and operations in the industry.
The filing also specifies that Cloopen Group Holding Ltd is incorporated in the People's Republic of China, with its business address located at 16/F, Tower A, Fairmont Tower, 33 Guangshun North Main Street, Chaoyang District, Beijing 100102.
As of the certification date, the filing indicates that there is only one holder of record for the company's securities, which may reflect the company's current market position and shareholder structure.
Furthermore, the filing identifies the company's securities as Class A Ordinary Shares with a par value of US$0.0001 per share, and American Depositary Shares, each representing six Class A ordinary shares. This detail provides insight into the company's capital structure.
Notably, the filing does not provide any information regarding the reasons behind the decision to terminate its registration or any potential plans for future operations or restructuring.
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