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Thursday, August 11, 2022

Equity Corporate Actions Alert #2022 - 202
(UPDATED: Merger Effective) Information Regarding the Merger of BlueCity Holdings Limited (BLCT)

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  • Industry Announcement

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At a special meeting held on July 29, 2022, shareholders of BlueCity Holdings Limited (BLCT) approved the merger ("Going Private Transaction") with Multelements Limited. The merger closed today, Friday, August 12, 2022. The details are as follows:

Company/Issue: BlueCity Holdings Limited American Depositary Shares
CUSIP#: 09610L106
Symbol: BLCT
Last Trading Date: August 12, 2022
Marketplace Effective Date for Suspension: August 15, 2022
Merger Consideration: $1.60 in cash for each ADS held; less applicable ADS fees.

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