FutureX Capital Limited made a non-binding offer to acquire unknown remaining stake in Gridsum Holding Inc. (NasdaqGS:GSUM) on May 8, 2018. Under the terms of the transaction, FutureX Capital Limited offered to acquire remaining shares which it does not already own at $8.7 per share in a going private transaction. The transaction will be funded from equity capital and debt capital of FutureX Capital Limited. The Board of Gridsum Holding Inc. has not decided about the transaction and there is no assurance definitive offer will be made. The Board of Directors of Gridsum has formed a special committee comprised of the three independent Directors; Peter Andrew Schloss, Xudong Gao and Thomas A. Melcher, to evaluate the proposal and any other alternative transactions. Peter Andrew Schlo has been appointed as Chairman of the special committee. FutureX Capital Limited cancelled the acquisition of remaining stake in Gridsum Holding Inc. (NasdaqGS:GSUM) On January 3, 2020.