Core Viewpoint - KM QUAD, a Cayman Islands company and parent of Jiujiang Lida Technology, has announced a merger agreement with Quetta Acquisition Corporation, a special purpose acquisition company, to create a publicly listed entity on Nasdaq [1][2][6]. Company Overview - Jiujiang Lida Technology, also known as QUAD, was founded in 2016 and specializes in automotive protective films, offering products that enhance vehicle appearance and durability while providing protection [3][12]. - QUAD has diversified its product offerings to include specialized films for construction and battery applications [3]. - The company holds 113 intellectual property rights in China, including 72 registered trademarks and 14 registered patents, and has a dedicated R&D team of approximately 40 employees [4][12]. Manufacturing and Distribution - QUAD's main manufacturing facility is located in Jiujiang, Jiangxi Province, covering 33 acres with over 21,000 square meters of space, including two production plants and one R&D center [4]. - The distribution network spans over 200 cities across China, indicating a strong market presence [4][12]. Management and Future Plans - The current management team of KM QUAD will continue to lead the combined company post-transaction, ensuring continuity in operations and strategy [5]. - The merger is expected to enhance KM QUAD's growth prospects and facilitate its transition to a public company, aligning with Quetta's aim to partner with companies that have solid product offerings and growth potential [10]. Transaction Details - Under the merger agreement, KM QUAD's shareholders will receive 30 million ordinary shares of Quad Global, with certain shares subject to a six-month lock-up period [6]. - The transaction has been approved by the boards of both companies and is pending regulatory and shareholder approvals [7].
KM QUAD Announces Entering into a Merger Agreement with Quetta Acquisition Corporation