Yunhong International (ZGYHU) IPO Opens Flat

Today's IPO for Yunhong International (NASDAQ: ZGYHU) opened for trading at $10.01 after pricing 6,000,000 units at $10.00 per unit.

The underwriters have been granted a 45-day option to purchase up to an additional 900,000 units offered by the Company to cover over-allotments, if any.

Maxim Group LLC acted as sole book-running manager in the offering.

Yunhong International is a newly incorporated blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although it is not limited to a particular industry or geographic region for purposes of consummating an initial business combination, the Company believes it is particularly well-positioned to capitalize on growing opportunities created by consumer/lifestyle businesses that have their primary operations in Asia (excluding China).

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