HCYC Group to go public via a SPAC deal with AlphaTime Acquisition for $75m.

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.