Yunhong International (ZGYHU) Prices Upsized $60M IPO


Yunhong International (ZGYHU) Prices Upsized $60M IPO

Feb 13, 2020 INTEL by Kristi Marvin

Yunhong International (ZGYHU), announced the pricing of their upsized $60 million SPAC IPO this evening and the units are expected to begin trading, today, Thursday, February 13th, under the symbol Nasdaq: ZGYHU.

Yunhong International will be focusing on consumer and lifestyle companies in Asia (excluding China) and will be led by Yubao Li, as Chairman of the Board of Directors, and Patrick Orlando, as Chief Executive Officer.

Total SPAC deal count for 2020 year-to-date is now 6 with $1.347 billion in gross proceeds raised. The offering is expected to close on Tuesday, February 18, 2020.

Congratulations to all.

Maxim Group LLC is sole book-running manager for the offering. Ellenoff Grossman & Schole LLP and Loeb & Loeb LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.