Able View Global today announced completion of its business combination with Hainan Manaslu Acquisition, following approval of the deal Aug. 2.
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.