The Chinese Geely Auto officially accepts its subsidiary of the luxury EV, Zeekr Private, just over a yr after the company debuted on the New York stock exchange.
The message appears two months after Geely offered a private Zeekr, after President Donald Trump threats At the starting of this yr to remove Chinese shares from the US stock exchanges.
After the merger is accomplished filing. Holders Zeekr American Desositary ACISES (ADSS), each of which represents 10 Zeekr shares, will receive $ 26.87 in money or 12.3 Geely shares, delivered as Geely ADSS. This is a barely higher offer than what Geely first proposed in May.
Investors can choose from money options or shares, except for some retail investors in Hong Kong, who will receive money by default.
The Zeekra management has already approved the connection to be closed in the fourth quarter of 2025.
It is not clear how Zeekr will affect his contract with Waymo to build a specially built large -scale robotaxia in the USA Waymo is to launch its Zeekr vehicles in Bay Area this yr, some of which were some Main testing On the roads of San Francisco.
TechCrunch contacted Waymo for more information.