- Business
- Distoken Acquisition Corporation (DIST) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations or similar business combinations with one or more businesses, primarily targeting technology companies in Asia; it offers no operational products or services prior to completing a business combination. Incorporated in the Cayman Islands in 2020 and headquartered in Kunming, China, the company focuses on the technology industry across Asian markets, including countries such as China and Singapore. In July 2025, Distoken completed a business combination through a reverse merger with Youlife International Holdings Inc., a provider of blue-collar lifetime services and under-school management and development projects in China, resulting in a rebranding to Youlife Group Inc., relocation of its base to Beijing, China, a ticker symbol change from DIST to YOUL on Nasdaq, and a strategic shift from a SPAC structure to operations in the industrial services sector; the transaction included PIPE financing of approximately $27 million and was valued at around $760 million in aggregate consideration.