- CEO
- Yongfang Yao
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Room 8326, Block B Tongzhou People's Republic of China
- IPO Date
- May 29, 2025
- Business
- Wintergreen Acquisition Corp. (NASDAQ: WTG) is a blank check company incorporated in the Cayman Islands that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily in the technology, media, and telecommunications (TMT) industries, with a particular emphasis on the Asia Pacific region. The company generates non-operating income from interest on trust account investments but conducts no operational activities or revenue generation prior to completing an initial business combination. Wintergreen offers investors participation in its public units, comprising ordinary shares and rights; private placement units to its sponsor; and founder shares with specific voting and transfer restrictions, all structured to facilitate a business combination meeting minimum net tangible asset thresholds and regulatory requirements.
Founded on April 29, 2024, and headquartered at Room 8326, Block B, Hongxiang Cultural and Creative Industrial Park, 90 Jiukeshu West Road, Tongzhou District, Beijing, PRC, the company completed its initial public offering of 5,595,000 units at $10.00 per unit on May 30, 2025, raising gross proceeds of $55.95 million (including partial exercise of the over-allotment option), with funds placed in a trust account invested in U.S. government securities or money market funds; simultaneously, it closed a private placement of 253,875 units to sponsor MACRO DREAM Holdings Limited, generating $2.54 million. Its sponsor provides foundational equity, including founder shares subject to forfeiture adjustments, such as the 38,750 shares forfeited in July 2025 upon expiration of the unexercised over-allotment portion, while representative shares were issued to underwriters as deferred compensation tied to a successful business combination.
In a significant development announced on November 17, 2025, Wintergreen entered into a definitive merger agreement with KIKA Technology Inc., under which a wholly owned merger subsidiary will merge with KIKA, making it a wholly owned subsidiary of Wintergreen, which plans to rename itself "KIKA Inc." or a KIKA-selected name upon closing; KIKA shareholders will receive ordinary shares based on KIKA's valuation divided by Wintergreen's per-share redemption price, subject to customary conditions including shareholder approvals, SEC effectiveness of a Form S-4 registration statement, governmental approvals, minimum net tangible assets of at least $5 million post-closing, and no prohibiting legal orders, with closing targeted for the first half of 2026. Post-merger covenants include six-month lock-up restrictions on KIKA consideration shares and two-year non-compete/non-solicitation agreements covering the Cayman Islands, British Virgin Islands, and Hong Kong. The transaction, which lacks termination fees but holds parties liable for willful breaches or fraud, represents Wintergreen's initial business combination effort within its 15-to-24 month combination period from IPO closing.