Amber DWM and iClick Interactive Merge for Enhanced Growth

Amber DWM Holding Limited Enters Merger with iClick Interactive

Amber DWM Holding Limited, the leading entity behind Amber Group’s digital wealth management services, has just announced an exciting new chapter in its growth story. In an agreement with iClick Interactive Asia Group Limited (NASDAQ: ICLK), Amber DWM is set to undergo a transformative merger that aims to blend digital wealth management solutions with cutting-edge marketing technology.

Details of the Merger Agreement

This definitive Merger Agreement establishes that Overlord Merger Sub Ltd., a subsidiary of iClick, will integrate with Amber DWM. Following the merger, Amber DWM will become a wholly-owned entity under the iClick umbrella, enhancing operational capacity on multiple fronts. The terms also specify that shareholders of Amber DWM will have the opportunity to exchange their shares for newly issued ordinary shares of iClick, ensuring a smooth transition for all stakeholders involved.

Strategic Vision from Leadership

Wayne Huo, the CEO of Amber DWM, expressed great enthusiasm about the merger, highlighting its potential to fusion digital wealth management expertise with iClick’s innovative technologies. He stated that this partnership represents a significant milestone, aiming to redefine how financial services operate in the digital landscape. The goal is to unlock vast opportunities across the sectors of blockchain, fintech, and digital marketing, creating new avenues for value generation.

Value Proposition of the Merger

The merger values Amber DWM at approximately US$360 million, while iClick is valued at US$40 million. This integration will result in a remarkable ownership structure post-merger where Amber DWM shareholders will hold about 90% of the combined entity's shares, a clear testament to their valued contribution. Furthermore, upon the merger's closure, iClick plans to rebrand and operate as Amber International Holding Limited, showcasing its commitment to the new collective vision.

Enhancing Business Dynamics

The strategic alignment aims not only to foster business growth but also to leverage combined strengths to navigate the rapidly changing landscape of digital assets and wealth management solutions effectively. By merging traditional finance with digital innovation, the collaboration is expected to mostly benefit corporate clients and high-net-worth individuals.

The Path Ahead

As this merger unfolds, both companies are entering into lock-up agreements to ensure stability during the transition phase, committing to uphold their shares for twelve months following the merger's conclusion. This is indicative of a strong partnership that prioritizes long-term growth and operational synergy.

Conclusion

The merger between Amber DWM and iClick Interactive stands as a pivotal moment for both companies. It signifies not just a transition but a robust expansion into new territories of financial services and innovations. As stakeholders look forward to a seamless integration process, anticipation builds for the enhanced capabilities the combined entity will bring to market.

Frequently Asked Questions

What does the merger between Amber DWM and iClick entail?

The merger allows Amber DWM to operate under iClick Interactive, enhancing digital wealth management solutions through integrated marketing technologies.

How will shareholders be affected by this merger?

Amber DWM shareholders will exchange their equity for new shares in the combined entity, maintaining a dominant ownership stake post-merger.

What is the value of the merger?

The merger values Amber DWM at approximately US$360 million, with iClick valued at US$40 million.

Will the company name change post-merger?

Yes, following the merger's completion, the new entity will be named Amber International Holding Limited.

What is the expected benefit of this merger?

The merger aims to create synergies between digital finance and innovative marketing, thereby unlocking value for corporate and high-net-worth clientele.

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