Able View Global today announced completion of its business combination with Hainan Manaslu Acquisition, following approval of the deal Aug. 2.
Able View’s Class B shares and warrants will trade on the Nasdaq starting tomorrow under the ticker symbols ABLV and ABLVW.
While Hainan Manaslu shareholders overwhelmingly supported the merger, redemptions of more than 98% left the SPAC with about $1.4 million in trust. The SPAC raised $69 million in an August 2022 IPO.
Able View is a brand management partner of international beauty and personal care brands in China.
At announcement in November 2022, the deal with China-based Able View had a $400 million equity value.
Loeb & Loeb and Maples and Calder served as legal advisors to the SPAC. Pryor Cashman and Harney Westwood & Riegels were legal advisors to Able View. Chain Stone Capital Limited served as financial advisor to Able View. Read more.
