Big Tree Cloud and Plutonian Close Business Combination

Big Tree Cloud International and Plutonian Acquisition announced the completion of their business combination. The listed company following the business combination is Big Tree Cloud Holdings Limited, and its shares and warrants are expected to begin trading today on the Nasdaq under the tickers DSY and DSYWW.

Big Tree Cloud is focused on the development, production, and sales of personal care products and other consumer goods in China.

Plutonian shareholders unanimously approved the merger in April, but redemptions removed about $35.4 million from the trust, leaving $172,348. The SPAC has a private placement of nearly $2.7 million.

The deal was announced last October at an equity value of $500 million.

Pillsbury Winthrop Shaw Pittman, Commerce & Finance Law Offices and Maples Group served as legal counsel to Big Tree Cloud. Wilson Sonsini Goodrich & Rosati, and Global Law Office served as legal counsel to Plutonian. Read more.

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