Announced
Financials
Tags
Hong Kong
insurance brokerage
Insurance Brokers
Acquisition
Majority
Private
De-SPAC
Cross Border
Pending
Friendly
Single Bidder
Synopsis
HCYC Group, an insurance group, agreed to go public via a SPAC deal with AlphaTime Acquisition, a blank cheque company, for $75m. Upon the closing of the mergers, HCYC is expected to become a NASDAQ-listed public company trading under a new ticker symbol. HCYC’s executive management team will continue to lead HCYC. There can be no assurance that HCYC will remain listed on NASDAQ.
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