ACM Research, Inc. 8-K

What Happened

• ACM Research, Inc. filed an 8-K on Feb 3, 2026 disclosing that its operating subsidiary, ACM Research (Shanghai), Inc. (“ACM Shanghai”), notified the Shanghai Stock Exchange it intends to sell 4,801,648 shares via an inquiry-based share transfer plan.
• On Feb 2, 2026 ACM Shanghai issued a Pricing Notice setting a preliminary transfer price of RMB 160.00 per share (about $23.05), determined through an inquiry-based quotation process involving 38 institutional investors.

Key Details

• Intended shares to be sold: 4,801,648 shares of ACM Shanghai.
• Preliminary per-share price: RMB 160.00 (~$23.05).
• Pricing method: inquiry-based quotation process with 38 institutional investors.
• Filing date: Current Report on Form 8-K filed Feb 3, 2026; Pricing Notice attached as Exhibit 99.1 (unofficial English translation).

Why It Matters

• This disclosure signals a planned equity transfer by the company’s main operating subsidiary that could affect ACM Research’s ownership in ACM Shanghai and potential cash proceeds from any completed sale.
• The price shown is preliminary and the filing warns that the number of shares actually sold, final prices, and total proceeds are uncertain; completion may be affected by market conditions and regulatory or legal actions referenced in the filing.
• Retail investors should note this is an operational/financing action (not earnings) and monitor future updates for finalized sale details or proceeds, which could influence the company’s capital position.