M&A - ASPAC II Acquisition Corp.

Form Type: 10-K

Filing Date: 2025-03-27

Corporate Action: Merger

Type: Update

Accession Number: 000101376225003451

Filing Summary: ASPAC II Acquisition Corp. is a blank check company incorporated to pursue a merger or similar business combination, particularly targeting high-growth sectors and sustainable companies. The company’s IPO raised $200 million, with an additional private placement raising nearly $9 million. The management acknowledges risks associated with its ties to China, especially in relation to PRC regulations impacting business operations and target searches. The company's ability to finalize a business combination is subject to regulatory reviews, and it has received extensions for completing these transactions, pushing the deadline to August 2025. The company has faced recent challenges with Nasdaq compliance due to market capitalization and shareholder requirements, resulting in trading suspension on Nasdaq, and now operates under OTC markets. Leadership comprises experienced professionals, including CEO Serena Shie and CFO Claudius Tsang, who have extensive backgrounds in capital markets and private equity.

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