<div id="readability-page-1">Boqii Holding Limited ( BQ ) shares rose 32.5% in after-hours trading on Wednesday, reaching $2.65. Check out the current price of BQ stock here. According to Benzinga Pro data, the stock closed on Wednesday at $2, down 4.76%. <h2>SEC Filing Details Equity Transaction</h2> Boqii ( BQ ) filed a Form 6-K with the Securities and Exchange Commission on Wednesday, disclosing an equity interest repurchase agreement dated Dec. 4. Form 6-K provides material information from foreign private issuers to U.S. investors. Chao Guo and Zhongshu Zhai, founders of Nanjing Xingmu Biotechnology, will repurchase the 14.5% equity stake in Nanjing Xingmu Biotechnology currently held by Shanghai Guangcheng, a variable interest entity of Boqii ( BQ ), for RMB 12.5 million ($1.76 million) in cash installments. Nanjing Xingmu Biotechnology is a Chinese biotech firm affiliated with Boqii Holding Limited ( BQ ). See Also: What Sparked CapsoVision's (CV) 53% Surge In After-Hours Trading? According to the SEC filing, the founders of Nanjing Xingmu will each acquire a 7.25% equity interest from Shanghai Guangcheng. <h2>VIE Arrangements Termination Planned</h2> As part of the repurchase, the parties expect to terminate the contractual variable interest entity (VIE) arrangements between Nanjing Xinmu Information Technology Co., Ltd., Nanjing Xingmu Biotechnology, and its shareholders, subject to conditions in the repurchase agreement. Under current VIE arrangements, Nanjing Xinmu Information Technology consolidates Nanjing Xingmu’s operating results in Boqii’s financial statements under U.S. generally accepted accounting principles. The repurchase agreement also includes representations, warranties, covenants, and indemnification provisions. <h2>Trading Metrics</h2> The stock has fallen 50.62% year-to-date. The pet-focused platform has a market capitalization of $7.16 million and an annual trading range of $1.62 to $56.10. Benzinga’s Edge Stock Rankings indicates BQ stock has a negative price trend across all time frames. Monitor the performance of other companies in this segment. &lt;figure class=&#34;wp-block-image aligncenter size-full is-resized&#34;&gt;<img width="434" height="264" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/11004926/image-3-104.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/11004926/image-3-104.png"/>&lt;/figure&gt; Read Next: <ul> <li>Opendoor-Fame Eric Jackson Shares Bullish Investment Thesis And Sends Nextdoor (NXDR) Stock Trending Overnight: What You Should Know</li> </ul> Photo Courtesy: boyphare on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</div>

Shares of Boqii Holding Limited (BQ) surged 32.5% in after-hours trading following the company's SEC filing of a Form 6-K. The filing disclosed an equity interest repurchase agreement where Boqii's founders will repurchase a 14.5% stake in Nanjing Xingmu Biotechnology for RMB 12.5 million. The agreement includes terminating VIE arrangements. Despite the spike, BQ stock has fallen 50.62% year-to-date.

Shares Of Chinese Online Pet-Focused Platform Boqii (BQ) Spiked 32% After Hours: Here's Why