ZGYH News

The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced in the first half. The news coincides with rising SPAC redemption rates and a decline in post-merger SPAC returns. November...read more

Yunhong International, a blank check company targeting consumer or lifestyle assets in Asia, raised $60 million in an upsized offering of 6.0 million units at $10. The company sold $10 million more in units than expected. Each unit consists of one share of Class A stock, one half of one warrant exercisable at $11.50, and one right to one-tenth of one Class A share.  ...read more

China Yunhong Holdings, a blank check company targeting consumer or lifestyle assets in Asia, filed on Friday with the SEC to raise up to $50 million in an initial public offering. The Wuhan, China-based company plans to raise $50 million by offering 5 million units at a price of $10, where it would command a market value of $65 million. Each unit consists of one ordinary...read more