United Hydrogen Group Inc., a leading provider of hydrogen energy solutions and commercial hydrogen applications in China.

2024-08-04 04:24:49

Magstone Law provided legal advisory services to United Hydrogen Group Inc. ("United Hydrogen"), a leading provider of hydrogen energy solutions and commercial hydrogen applications in China, in its merger transaction with Cayman Islands-based special purpose acquisition company Aimei Health Technology Co. ("Aimei Health"). In this "double dummy" de-SPAC merger transaction, assuming no redemptions by Aimei Health's public shareholders, the combined company is estimated to have an equity value of approximately $1.6 billion.

As part of the transaction, all outstanding securities of United Hydrogen and Aimei Health will be converted into shares of a newly formed holding company, United Hydrogen Global Inc. ("Pubco"). Subject to approval by the shareholders of United Hydrogen and Aimei Health, as well as the satisfaction of other customary closing conditions, the transaction is expected to be completed in the third quarter of 2024. Upon completion, Pubco's shares will be listed and traded on the Nasdaq Stock Market.

Press Release Link:：https://www.sec.gov/ix?doc=/Archives/edgar/data/1979005/000149315224024409/form8-k.htm。