TRADING QUOTES   4:34 PM   October 24, 2020

 

IPO Terms/Details

Total Public Proceeds at IPO ($mm):$50.0
% Held in Trust:100.0%
$ Held in Trust per Unit:$10.00
Mgmt's Sector Expertise/Focus:Asia / North America
IPO Date:----
Months to Complete:18 + 3 + 3
(24 months total)
Deadline Date:----
Unit Structure (UTXOU)
Share (UTXOA):1 Class A Common Stock
Warrant (UTXOW):
Right (UTXOR):
1/2 Warrant
1 Right (1/10)
Public Warrant Terms:
Exercise Price:$11.50
Redemption Price:$16.50 for cash/cashless
Redemption: Cash / Cashless Mgmt's Discretion
Underwriters:
Book-runner(s) and Lead Mgr(s):Univest Securities, LLC
Co-Manager(s):----
Fees (Upfront/Deferred Fee):2.5%/3.0%
Lawyers:
Issuer's Counsel:Getech Law LLC
Underwriter's Counsel:Hunter Taubman Fischer & LI LLC
Additional Terms:1. Warrants expire 4 years from completion of business combination
2. Crescent Term: $9.20 threshold
3. Can extend for two 3-month periods with no additional contribution to trust

Latest S-1 (3/18/20)

MANAGEMENT & BOARD


Executive Officers

Wei Huang, Ph.D.
Chief Executive Officer

Dr. Wei Huang, during a multiple-year career as a technique leader and entrepreneur, has served in many leading management and technical leadership roles in high-tech industries that require extensive technological knowledge and critical thinking, including blockchain technology, AI, big data and e-commerce industries. These experiences, along with his participation in the development of multiple businesses, including big data and AI projects in Shenzhen, have led to long term business relationships with VC funds, individual investors and state-owned companies. He is a founder of and currently serving as the Chairman of the Board of Dake Data, Ltd. in Shenzhen. Dr. Huang founded Dake Data, LTD in 2017, working with a team of talented professionals using Dake’s proprietary AI, Blockchain and Cloud computing (ABC solution) solution to serve different industries, including supply chain finance, education and the fashion business. Dr. Huang’s unique experience in both management and technology field have helped increase company performance and promote sustainable growth through internal innovation. In 2019, Dake Data was selected as “China’s Outstanding Innovative Blockchain Company” by the China blockchain Innovation Forum. Before Dr. Huang founded Dake Data, he served as technique leader in the oil and gas industry. From 2013 to 2018, Dr. Huang worked in ION geophysical as a technical advisor for various projects. Dr. Huang has earned his reputation by applying datasets, technology, and industry expertise to discover the underlying current and future value of oil and gas opportunities. From 2011 to 2013, Dr. Huang served as a project manager with Schlumberger North America, the large oil and gas services company, providing geophysical advice on all aspects of full waveform inversion technology and assisting with the marketing and sales effort with technical presentations to clients. His responsibilities include supporting innovation through defining the research and development focus of the group; communicating with domestic and foreign enterprises to evaluate cooperative projects and to explore methods to expand the cooperation. Dr. Huang Holds a bachelor’s degree from University of Science and Technology of China, a master’s degree in mathematics from the University of Wisconsin and a PhD degree in Geophysics from the University of Houston. Dr. Huang has published more than a dozen papers and holds two international patents.


Yuanyuan Huang, Ph.D.
Chief Financial Officer & Chief Operating Officer

Dr. Yuanyuan Huang, has over 10 years of experience as a financial professional providing investment banking services to start-ups, small to middle-sized companies, and venture capital and private equity firms. Since June 2018, Dr. Yuanyuan Huang has served as the Managing Member of Fundin, LLC, a consulting firm providing information technology consulting services to private real estate equity funds and developers. Since September, 2018, Dr. Yuanyuan Huang also served as Venture Partner of Hongkun USA, a real estate developer and investment company in New York, and led a team toto develop its fund administration and investor relationship information system. Between 2008 and 2018, Dr. Yuanyuan Huang worked at several boutique brokerage firms. During his career as an investment banker, he worked with other financial professionals in private placements, reverse mergers, and corporation finance. Before Dr. Yuanyuan Huang began his financial career, he obtained his Ph.D. in Physics from William and Mary in Williamsburg, Virginia in 2007, and a master’s degree in Finance from the George Washington University in Washington, D.C. in 2008. He is also the main contributor to a proprietary algorithm for analyzing Solid State Nuclear Magnetic Spectrum.


 

Board of Directors

None (to-date)



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