By Yang Ryeo-jin

 

KVAC officially held a ceremony to strike a bell at the Nasdaq exchange on August 15, 2023 US time. Among the guests attending the bell ceremony were Jason Wong, founder of KVAC Company, Huang Jiajun (Kenneth Wong), CEO of KVAC Company, the KVAC management team, the American General Business Association delegation, and many partners.

 

At the bell ringing ceremony, KVAC Company CEO Kenneth Wong spoke on stage in anticipation of the company's future and bright prospects.

 

 

The price of KVAC is $10 per share (one common share and one preemptive right), and the fundraising amount is $130 million ($150 million when exercising excess subscription options). KVAC was the first SPAC company to file an initial public offering (IPO) application in 2023, and is also the most financed Asian SPAC company in the United States with the first new share issuance so far in 2023.

 

KVAC's combined business will focus on high-quality companies in agriculture, biotechnology, and consumer goods around the world and evaluate companies based on sustainable development and ESG standards.

All the guests took a group photo with cheers and applause on the stage together. The grand event of ringing the bell in the studio was broadcast live around the world on the large screen of the Nasdaq Exchange, the world's first screen, and major foreign media such as Bloomberg, Fox, and CNBC conducted broadcast reports.

Jason Wong, a sponsor of KVAC, has been a pioneer of the Asian SPAC list in the United States since 2014. Mergers and acquisitions, project operations, value creation and termination. Since 2014, Jason Wong has been a promoter, consultant, and management team member for several SPACs that have been listed in the United States/Hong Kong or will soon be listed.

 

 

DT Asia Investments Limited (NASDAQ:CADT) was listed as the present NASDAQ: (RAHGF). Tottenham Acquisition Limited (NASDAQ: TOTA) was listed on the present NASDAQ:CLNN. Ace Global Business Acquisition Ltd (NASDAQ:ACBA), Inception Growth Acquisition Limited (NASDAQ: IGTA), Atlas Growth Acquisition Limited(Business documentation submitted), Phoenix Acquisition Limited (Business documentation submitted), Heroic Empire Acquisition Limited (Business documentation submitted), Ace Eight Acquisition Corporation (Business documentation submitted to Hong Kong), Stock Exchange Manual, etc.

 

Jason Wong is hailed as the "Asian Godfather of SPAC" in the media, considering that he has more than 25 years of experience in fund management, private equity and capital market investment in Asia and has a good record of highly successful De-SPAC transactions (SPAC reverse mergers).

 

In the early stages of the launch of the 2022 SPAC listing model, the Hong Kong Stock Exchange specifically invited Vice Chairman Jason Wong to announce legal reference comments on warrant rules.

 

 

Jason Wong is currently a founding partner and executive managing director of Wiki Capital Co., Ltd., a member of the American and Hong Kong society of certified public accountants, and serves as a director of several listed companies.

 

After the KVAC US NASDAQ bell ringing ceremony, Jason Wong and a delegation from the American Business Association will rush to Korea as soon as possible to provide guidance and support for Korean companies' listed businesses.

 

Vice Chairman Jason Wang's visit to Korea will bring better news and successful merger and listing experience for Korean companies, and the reverse merger of SPAC will greatly help Korean companies enter the U.S. capital market faster.

Jason Wong said, "With SPAC, we will provide high-quality, efficient professional services to help Korean companies grow bigger and stronger so that they can settle in the U.S. capital market.” 

“The momentum of the reverse merger market is like a rainbow, grand and powerful, and we hope that more high-quality companies will proudly enter the world stage! Expect a great new paradigm for listing!" he said, expressing his strong will.

 

“South Korea, Asia's most dynamic and competitive economy, has a huge market and many outstanding companies and I hopes that more Korean companies will be subject to SPAC mergers," he said.

 

American General Business Association (AGBA) & Small and Medium Enterprise Overseas Listed Capital Group Hong Kong (SME) said, "We help companies improve their management mechanism, optimize business model, propose incentives for non-stocks and wealth, and enable them to set up and implement employee shares.
The ownership plan or stock incentive plan will accelerate corporate investment and fund-raising through the market, making all-out efforts to help companies grow rapidly," he added.