SunCar to go public via a SPAC merger with Goldenbridge Acquisition in an $858m deal.

SunCar, an Online Insurance Agency, agreed to go public via a SPAC merger with Goldenbridge Acquisition, a British Virgin Islands special purpose acquisition company, in an $858m deal. “With our core mission to seek a high-impact and technology-driven company, I was very pleased to find SunCar. We’re quite impressed by the business performance as well as the technologies supporting comprehensive on-demand services and online insurance. Since the automotive industry is starting to put more emphasis on car owner services, we believe that SunCar is determined to grow bigger in this massive and attractive market," Yongsheng Liu, Goldenbridge Chairman.