Zero Degree New Energy Technology (Guangdong) Co., Ltd., an autonomous yacht manufacturer and ride operator, is mulling going public through a merger with a SPAC, according to India Shorts.
The company intends to be listed on nasdaq around the first quarter of 2024 at the earliest, with an estimated valuation of $1 billion.
Founded in 2021 and headquartered in Guangdong-Hong Kong-Macao Greater Bay Area, Zero Degree specializes in research and development of alternative energy yachts and boats for municipal parks and tourist destinations. Read more.
Source: Chinese Autonomous Yacht Ride Rental Company Said to Mull B SPAC Deal