Zeekr Group (NYSE:ZK) has announced the completion of its merger with Keystone Mergersub, an indirect wholly-owned subsidiary of Geely, effective December 22, 2025.
As a result, Zeekr has become a wholly-owned subsidiary of Geely and has officially ceased to be publicly traded.
At the effective time of the merger, each Zeekr ordinary share was canceled in exchange for either $2.687 in cash or 1.23 newly issued Geely shares per Zeekr share, based on holder election.
Similarly, each Zeekr ADS (representing 10 shares) was canceled for $26.87 in cash or 12.3 Geely shares per ADS, again based on holder election.
Notably, Hong Kong non-professional investors will receive cash only in the exchange.
Following the completion of the merger, Zeekr has requested a suspension of its NYSE trading and a Form 25 delisting.
The company also plans to file Form 15 to suspend its SEC reporting obligations, marking its full transition into a privately held entity under Geely’s ownership.