BlueCity completed the merger with Diversefuture in a $60m deal.

BlueCity, an online LGBTQ platform, completed the merger with Diversefuture, a blank cheque company, in a $60m deal. The company also announced that it requested that trading of its ADSs on Nasdaq Global Market be suspended as of August 12, 2022. The company requested that Nasdaq file a Form 25 with the Securities and Exchange Commission notifying the SEC of the delisting of the company’s ADSs on Nasdaq and the deregistration of the company’s registered securities. The deregistration will become effective 90 days after the filing of the Form 25 or such shorter period as may be determined by the SEC.