HONG KONG, July 12, 2022 (GLOBE NEWSWIRE) -- DayDayCook (“DDC” or the “Company”), a leading content-driven meal solutions brand in China announces its decision to terminate its previously proposed merger with Special Purpose Acquisition Company (SPAC) ACE Global acquisition corp. Instead, the company has decided to undertake its initial public offering (IPO) on the Nasdaq.
“We continue to be very excited about the prospect of taking DDC public in the US. However, unfavorable market conditions, in particular those related to the SPAC market, has demonstrated that our efforts are perhaps best concentrated on taking a more direct path via an IPO on Nasdaq. I am thankful to our board members and shareholders who give us their full support and agree this is a better option for the company. I am also excited to have the opportunity to work with the banking partners who are among the best in the business,” comments Norma Chu, DDC’s founder and CEO.
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