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Yunhong International and Giga Energy Inc. Announce Execution of Definitive Share Exchange Agreement With a Potential Value Up to Approximately $7.354 Billion

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NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Yunhong International (NASDAQ:ZGYH) (the Company or Yunhong ), a special purpose acquisition company, and Giga Energy Inc. (f/k/a Ares Motor Works, Inc.) ( Giga Energy ), a company that plans to provide industrial and commercial transportation solutions, today announced the execution of a definitive share exchange agreement (the Exchange Agreement ), pursuant to which Giga Energy will be acquired by Yunhong and Giga Energy will be the surviving business. The potential maximum value of this transaction is approximately $7.354 billion. Pursuant to the Exchange Agreement, the Company will purchase from the shareholders of Giga Energy all of the issued and outstanding shares and any other equity interests in or of Giga Energy in exchange for newly issued ordinary shares of the Company, subject to the terms and conditions set forth in the Exchange Agreement (the Business Combination ). The closing of the Business Combination is su ....

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Yunhong International and Giga Energy Inc. Announce Execution of Definitive Share Exchange Agreement With a Potential Value Up to Approximately $7.354 Billion

Yunhong International and Giga Energy Inc. Announce Execution of Definitive Share Exchange Agreement With a Potential Value Up to Approximately $7.354 Billion
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