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Wintergreen Acquisition Corp. Announces the Closing of its Initial Public Offering and Partial Exercise of Underwriter’s Over-Allotment Option to Purchase Additional Units

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Wintergreen Acquisition Corp. (NASDAQ: WTGUU) has successfully completed its initial public offering, raising $55.95 million through the sale of 5,595,000 units at $10.00 per unit, including 595,000 units from a partial over-allotment exercise. Each unit comprises one ordinary share and one right to receive 1/8 of an ordinary share upon business combination completion. The company's sponsor, MACRO DREAM Holdings Limited, made a concurrent private placement of 253,875 units for $2.54 million. A total of $56.09 million has been placed in trust. Wintergreen aims to acquire a technology, media, or telecommunications business, focusing on companies with operations in the Asia Pacific region, particularly Greater China, that possess advanced solutions.
Wintergreen Acquisition Corp. (NASDAQ: WTGUU) ha completato con successo la sua offerta pubblica iniziale, raccogliendo 55,95 milioni di dollari tramite la vendita di 5.595.000 unità a 10,00 dollari ciascuna, comprese 595.000 unità derivanti da un esercizio parziale di sovrassegnazione. Ogni unità comprende un'azione ordinaria e il diritto a ricevere 1/8 di un'azione ordinaria al completamento della combinazione aziendale. Lo sponsor della società, MACRO DREAM Holdings Limited, ha effettuato contemporaneamente un collocamento privato di 253.875 unità per 2,54 milioni di dollari. In totale, 56,09 milioni di dollari sono stati depositati in un fondo fiduciario. Wintergreen punta ad acquisire un'azienda nei settori tecnologia, media o telecomunicazioni, concentrandosi su società con operazioni nella regione Asia Pacifico, in particolare nella Grande Cina, che offrano soluzioni avanzate.
Wintergreen Acquisition Corp. (NASDAQ: WTGUU) ha completado con éxito su oferta pública inicial, recaudando 55,95 millones de dólares mediante la venta de 5.595.000 unidades a 10,00 dólares por unidad, incluyendo 595.000 unidades provenientes de un ejercicio parcial de sobresuscripción. Cada unidad consta de una acción ordinaria y el derecho a recibir 1/8 de una acción ordinaria tras la finalización de la combinación empresarial. El patrocinador de la compañía, MACRO DREAM Holdings Limited, realizó simultáneamente una colocación privada de 253.875 unidades por 2,54 millones de dólares. En total, se han colocado 56,09 millones de dólares en fideicomiso. Wintergreen tiene como objetivo adquirir una empresa de tecnología, medios o telecomunicaciones, enfocándose en compañías con operaciones en la región de Asia Pacífico, especialmente en la Gran China, que posean soluciones avanzadas.
Wintergreen Acquisition Corp. (NASDAQ: WTGUU)는 성공적으로 기업공개(IPO)를 완료하여, 1단위당 10.00달러에 5,595,000단위를 판매해 5,595만 달러를 조달했습니다. 이 중 595,000단위는 일부 초과배정권 행사에 따른 것입니다. 각 단위는 보통주 1주와 사업 결합 완료 시 보통주 1/8주를 받을 권리로 구성되어 있습니다. 회사의 스폰서인 MACRO DREAM Holdings Limited는 동시에 253,875단위를 사모로 배정해 254만 달러를 조달했습니다. 총 5,609만 달러가 신탁 계좌에 예치되었습니다. Wintergreen은 아시아 태평양 지역, 특히 대중국 지역에서 운영되는 첨단 솔루션을 보유한 기술, 미디어 또는 통신 기업을 인수하는 것을 목표로 하고 있습니다.
Wintergreen Acquisition Corp. (NASDAQ : WTGUU) a réussi son introduction en bourse, levant 55,95 millions de dollars grâce à la vente de 5 595 000 unités à 10,00 dollars chacune, incluant 595 000 unités issues d’un exercice partiel de surallocation. Chaque unité comprend une action ordinaire et un droit de recevoir 1/8 d’action ordinaire à la finalisation de la fusion d’entreprise. Le sponsor de la société, MACRO DREAM Holdings Limited, a réalisé simultanément un placement privé de 253 875 unités pour 2,54 millions de dollars. Un total de 56,09 millions de dollars a été placé en fiducie. Wintergreen vise à acquérir une entreprise dans les secteurs de la technologie, des médias ou des télécommunications, en se concentrant sur des sociétés opérant dans la région Asie-Pacifique, notamment en Grande Chine, disposant de solutions avancées.
Wintergreen Acquisition Corp. (NASDAQ: WTGUU) hat erfolgreich seinen Börsengang abgeschlossen und dabei 55,95 Millionen US-Dollar durch den Verkauf von 5.595.000 Einheiten zu je 10,00 US-Dollar eingenommen, einschließlich 595.000 Einheiten aus einer teilweisen Mehrzuteilungsoption. Jede Einheit besteht aus einer Stammaktie und dem Recht, nach Abschluss der Unternehmenszusammenführung 1/8 einer Stammaktie zu erhalten. Der Sponsor des Unternehmens, MACRO DREAM Holdings Limited, tätigte gleichzeitig eine Privatplatzierung von 253.875 Einheiten im Wert von 2,54 Millionen US-Dollar. Insgesamt wurden 56,09 Millionen US-Dollar treuhänderisch hinterlegt. Wintergreen strebt den Erwerb eines Unternehmens aus den Bereichen Technologie, Medien oder Telekommunikation an, mit Fokus auf Unternehmen, die in der Asien-Pazifik-Region, insbesondere im Großraum China, tätig sind und fortschrittliche Lösungen anbieten.
Positive
  • Successfully raised $55.95 million through IPO at $10.00 per unit
  • Additional $2.54 million raised through private placement from sponsor
  • Clear acquisition focus on tech, media, and telecommunications in Asia Pacific region
  • $56.09 million ($10.025 per unit) placed in trust account providing security for investors
Negative
  • No specific target company identified yet
  • Potential dilution from rights conversion (1/8 share per right)
  • Geographic focus on Greater China region may pose regulatory and political risks

Insights

Wintergreen SPAC completed its IPO, raising $55.95M to acquire tech/media/telecom businesses in Asia Pacific, particularly Greater China.

Wintergreen Acquisition Corp. has successfully completed its IPO, raising $55.95 million by selling 5,595,000 units at $10.00 each, including 595,000 units from a partial exercise of the underwriter's over-allotment option. Each unit consists of one ordinary share and one right to receive 1/8 of a share upon completing a business combination.

The company has placed $56.09 million ($10.025 per public unit) into a trust account, which includes proceeds from a simultaneous $2.54 million private placement to its sponsor, MACRO DREAM Holdings Limited. This structure is typical for SPACs (Special Purpose Acquisition Companies), which raise capital to acquire existing businesses.

Wintergreen has identified a specific acquisition target sector: technology, media, and telecommunications companies with operations or potential operations in the Asia Pacific region, with particular interest in the Greater China region that offer "advanced and highly differentiated solutions."

D. Boral Capital LLC served as the sole book-running manager for this offering. The units began trading on Nasdaq under the ticker "WTGUU" on May 29, with the shares and rights expected to trade separately in the future under "WTG" and "WTGUR" respectively.

NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Wintergreen Acquisition Corp. (NASDAQ: WTGUU) (“Wintergreen” or the “Company”) today announced the closing of its initial public offering of 5,595,000 units. This includes 595,000 units issued pursuant to the underwriter’s partial exercise of its over-allotment option, which also closed today, May 30, 2025. The offering was priced at $10.00 per unit, resulting in gross proceeds of $55,950,000.

Wintergreen’s units are listed on the Nasdaq Capital Market (“NASDAQ”) and began trading under the ticker symbol “WTGUU” on May 29, 2025. Each unit consists of one ordinary share, par value $0.0001 per share, and one right entitling the holder thereof to receive one-eighth (1/8) of one ordinary share upon consummation of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols “WTG” and “WTGUR,” respectively.

Of the proceeds received from the consummation of the initial public offering (including the partial exercise of the over-allotment option) and a simultaneous private placement of 253,875 placement units to the Company's sponsor, MACRO DREAM Holdings Limited, for an aggregate purchase price of $2,538,750, a total of $56,089,875 (or $10.025 per public unit) was placed into a trust account in the United States at Wilmington Trust, National Association.

The Company intends to use the net proceeds from the offering to acquire a business focused on the technology, media, and telecommunications industries. Its search for a target business will focus on companies with operations or prospective operations in the Asia Pacific region, including the Greater China region, that have advanced and highly differentiated solutions.

D. Boral Capital LLC acted as sole book-running manager in the offering.

Concord & Sage P.C. served as U.S. legal counsel to Wintergreen on the initial public offering, and Ogier served as Cayman Islands legal counsel to Wintergreen. Robinson & Cole LLP served as legal counsel to D. Boral Capital LLC.

A registration statement on Form S-1 (File No. 333-286795) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”), and was declared effective on May 28, 2025.

The offering was made by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by phone at +1 (212) 970 5150 or emailing info@dboralcapital.com. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.

No Offer. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Wintergreen Acquisition Corp. Wintergreen Acquisition Corp. is a newly incorporated blank check company incorporated as a Cayman Islands exempted company (company number 409590) for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Its search for a target business will focus on companies with operations or prospective operations in the Asia Pacific region, including the Greater China region, that have advanced and highly differentiated solutions.

Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Source: Wintergreen Acquisition Corp.

Contact:

Wintergreen Acquisition Corp.
Yongfang Yao
Chief Executive Officer and Chairman
Room 8326, Block B, Hongxiang Cultural and Creative Industrial Park,
90 Jiukeshu West Road, Tongzhou District, Beijing, PRC

Wintergreen Acquisition Corp.
Bingzhao Tan
CFO
008613652371477


FAQ

What is the IPO price and total amount raised by Wintergreen Acquisition Corp (WTGUU)?

Wintergreen Acquisition Corp raised $55.95 million through its IPO, pricing 5,595,000 units at $10.00 per unit, including the over-allotment option exercise.

What industries and regions is Wintergreen Acquisition Corp (WTGUU) targeting for acquisition?

Wintergreen is targeting companies in the technology, media, and telecommunications industries, focusing on operations in the Asia Pacific region, particularly the Greater China region.

What does each WTGUU unit consist of?

Each unit consists of one ordinary share and one right that entitles the holder to receive one-eighth (1/8) of one ordinary share upon completion of an initial business combination.

How much money was placed in the trust account for Wintergreen Acquisition Corp (WTGUU)?

A total of $56.09 million ($10.025 per public unit) was placed in a trust account at Wilmington Trust, National Association.

What are the trading symbols for Wintergreen Acquisition Corp's securities?

The units currently trade under WTGUU, with ordinary shares and rights expected to trade under WTG and WTGUR respectively once separate trading begins.
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