YHNAU.US, a SPAC sponsored by Yonker Capital and Noah Capital, listed in the US
1min read Yonghe Capital and Nuode Capital announced recently that their new special purpose acquisition company (SPAC), YHN Acquisition I Limited, has successfully listed on Nasdaq, with the symbol YHNAU.US. YHN was oversubscribed nearly one time and raised US$60 million in total.
Yonghe Capital Group Co., Ltd. is a comprehensive investment enterprise founded by Mr. Lin Bingsheng, the founder of the famous global restaurant chain "Yonghe Soybean Milk", Mr. Feng Zhengming, a well-known financial investor and former managing director of Softbank (China) Capital, and Ms. Yuan Kaidi, a senior investor. It is headquartered in Hong Kong.
Yonghe Capital focuses on investing in excellent high-growth and health industry companies, covering all stages from early to mature. Yonghe Capital takes the listing of the invested enterprises as the starting point, and adopts the advanced listing mode - SPAC listing mode, which has the characteristics of fast time, low cost, simple process and stable financing, and has great advantages for investors and target companies.
Nuode Capital is dedicated to SPAC initiation and listing, merger and acquisition, IPO consulting and other professional services related to listing, and has practical experience in both the US and Hong Kong SPAC markets, which can provide one-stop services for domestic enterprises to go public overseas.
Nuode Capital's founder and chairman, Mr. Wang Qianwen, is known to the media and industry as the "Asian SPAC Father", due to his involvement in several well-known US SPACs. In 2014, he participated in the initiation of DT Asia Investments Limited, which was the first SPAC in Asia to list in the US after the 2008 financial crisis. Later, he became the initiator of Tottenham Acquisitions Limited, which completed the merger with Clene Nanomedicine Inc., a US biotechnology company, in December 2020.