Co-Founders and Sponsor Offer $4.52/ADS to Take 111, Inc. Private
YI sits 49% above its 52-week low of $2.48.
Summary
111, Inc. received an unsolicited, non-binding going-private proposal from its co-founders and Huadeng Tech BioArray Ventures at US$4.52 per ADS, a 29.5% premium to the prior close.
Updates
· SEC SCHEDULE 13D — The consortium agreement includes a $20.69 million cash contribution from Huadeng Tech BioArray Ventures Ltd and rollover equity from the co-founders, with ownership percentages of 55.43%, 21.90%, 21.79%, and 0.88% respectively.
Key Events · M&A and Partnerships · YI
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Going-Private Proposal Received
Co-founders Dr. Gang Yu and Mr. Junling Liu, together with Huadeng Tech BioArray Ventures Ltd, proposed to acquire all outstanding Class A shares not already owned by the Buyer Group at US$0.226 per Class A Share or US$4.52 per ADS in cash.
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Premium to Market
The proposed price represents a 29.5% premium to the September 15, 2026 closing price and a 20% premium to the 60-day average closing price of the ADSs.
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Buyer Group Control
The Co-Founders own approximately 1.3% of Class A shares and 100% of Class B shares, representing about 41.6% of total share capital and 91.3% of aggregate voting power.
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Funding Structure
The transaction would be funded entirely with equity capital — rollover equity from the Co-Founders and cash contributions from the Sponsor — with no debt financing condition.
Analysis · YI · Trade & Services
The co-founders and Huadeng Tech BioArray Ventures have proposed to acquire all outstanding Class A shares not already owned by the Buyer Group at US$4.52 per ADS in cash — a 29.5% premium to the last close before the proposal. The Buyer Group already controls approximately 91.3% of the voting power, so this is a classic management-led going-private transaction. The board has not yet evaluated the offer and will appoint a special committee of independent directors, which must approve any deal. The proposal is non-binding and not subject to a financing condition, since funding is expected to come entirely from equity capital.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 39.9% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, YI was trading at $3.70 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $29.7M. The 52-week trading range was $2.48 to $11.17. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.