Announced
Completed
Financials
Tags
Merger
agile office space management
Majority
Single Bidder
China
Real Estate Services
Friendly
Private
Disposal
Cross Border
Acquisition
Reverse Takeover
Completed
De-SPAC
Private Equity
Synopsis
Orisun Acquisition, a special purpose acquisition company, completed the merger with Ucommune, an agile office space manager and provider in China, in a $769m deal. The successful closing of our Business Combination with Orisun not only validates Ucommune's strong value proposition to our customers and shareholders, but also marks an important milestone in our corporate development. In addition, it should serve as a springboard to accelerate the growths of our company and our industry for global agile office space management. Being a publicly-traded company, we plan to leverage our expanded resources, technology advancement, brand equity, operations know-how, and domain expertise to capitalize on new growth opportunities and deliver lasting shareholder value," Daqing Mao, Ucommune Founder.
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