Able View, a cross-border brand management company, announced a business combination agreement with Hainan Manaslu Acquisition at a $400 million equity value. If approved, the parent company at closing will be a new Cayman Islands holding company called Able View Global.
Assuming no redemptions by HMAC’s public shareholders, it is estimated that the current shareholders of Able View will own approximately 80.3% of the combined company.
Financial details were scant in the press release and the SPAC has yet to file additional information with the SEC. Hainan Manaslu raised $69 million in an August IPO.
Able View usually engages with the brands as exclusive agent selling cross-border products to end customers in China across all channels. Read more.