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Wintergreen Acquisition Corp. Announces Pricing of $50,000,000 Initial Public Offering
Globenewswireยท2025-05-28 21:17

Core Viewpoint - Wintergreen Acquisition Corp. has priced its initial public offering (IPO) of 5,000,000 units at $10.00 per unit, with trading expected to begin on May 29, 2025 [1][5]. Group 1: IPO Details - Each unit consists of one ordinary share and one right to receive one-eighth (1/8th) of one ordinary share upon consummation of an initial business combination [2]. - The offering is expected to close on May 30, 2025, subject to customary closing conditions [5]. - The underwriter, D. Boral Capital LLC, has a 45-day option to purchase up to an additional 750,000 units to cover over-allotments [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to acquire a business focused on the technology, media, and telecommunications industries [3]. - The search for a target business will concentrate on companies with operations or prospective operations in the Asia Pacific region, including the Greater China region, that have advanced and highly differentiated solutions [3][8]. Group 3: Company Leadership - The company is led by Mr. Yongfang ("Fayer") Yao as Chief Executive Officer and Chairman, and Mr. Bingzhao Tan as Chief Financial Officer and Director [4]. - The independent directors include Ms. Caihong Chen, Ms. Ru Ding, and Mr. Xiangxiang Wei [4].