The co-working space provider, which counts a slew of corporates among its investors, will list on Nasdaq by merging with a SPAC in a deal jointly valuing them at $769m.
Ucommune, the China-based workspace provider backed by corporates Beijing Xingpai, Aikang, Dahong Group, Star Group, Junfa Group, Prosperity Holdings and Yintai Land, is set to go public through a reverse merger.
The company agreed on Monday to merge with Orisun Acquisition Corp, a special purpose acquisition company (SPAC) listed on Nasdaq, in a deal that will value the combined entity at $769m. It had originally filed for a $100m initial public offering in December 2019.
Founded in 2015, UCommune…
