Brief: Ucommune And Orisun Acquisition Corp Enter Merger Agreement

Ucommune International

06/07/2020 13:29

July 6 (Reuters) - Orisun Acquisition Corp  ORSN.O :
    * UCOMMUNE AND ORISUN ACQUISITION CORP. COMBINE TO BRING TO
THE
PUBLIC MARKETS THE MOST RECOGNIZED AND LARGEST AGILE OFFICE
SPACE MANAGER AND CO-WORKING COMMUNITY OPERATOR IN CHINA
    * ORISUN ACQUISITION CORP - COMBINED CO EXPECTED TO TRADE ON
NASDAQ POST-CLOSE UNDER A NEW TICKER SYMBOL
    * ORISUN ACQUISITION CORP - UCOMMUNE'S CURRENT MANAGEMENT
TEAM
WILL CONTINUE RUNNING COMPANY
    * ORISUN ACQUISITION CORP - ORISUN'S WHOLLY OWNED SUBSIDIARY
UCOMMUNE INTERNATIONAL WILL ACQUIRE UCOMMUNE
    * ORISUN ACQUISITION CORP - UCOMMUNE'S SHAREHOLDERS AND
MANAGEMENT
WILL RECEIVE 70 MILLION ORDINARY SHARES OF UCOMMUNE
INTERNATIONAL
    * ORISUN ACQUISITION CORP - UCOMMUNE SHAREHOLDERS WILL BE
ENTITLED
TO RECEIVE EARN-OUT CONSIDERATION

Source text for Eikon:  ID:nPn40GC56a 
Further company coverage:  ORSN.O 

 ((Reuters.Briefs@thomsonreuters.com;))