Yunhong International, a Wuhan, China-based SPAC, will dissolve after not reaching a deal before its deadline, Bloomberg reports.
The SPAC is led by Patrick Orlando, who also runs Digital World Acquisition, the blank check company that announced plans last month to merge with Donald Trump’s startup media company.
Orlando is CEO of Benessere Capital, an investment consulting and investment banking firm he founded in Miami in 2012. None of his SPACs have completed a successful merger to date. Read more.
