- Wintergreen Acquisition Corp. (WTGUU, Financial) completes IPO, raising $55.95 million.
- Partial exercise of over-allotment option adds 595,000 units to total.
- Focus on acquiring tech, media, and telecom businesses in Asia Pacific.
Wintergreen Acquisition Corp. (NASDAQ: WTGUU) has successfully closed its initial public offering, raising $55.95 million through the sale of 5,595,000 units, priced at $10.00 per unit. The offering includes 595,000 units from a partial exercise of the underwriter’s over-allotment option. Each unit comprises one ordinary share and a right to receive one-eighth of an ordinary share upon the completion of a business combination.
The company's sponsor, MACRO DREAM Holdings Limited, concurrently conducted a private placement of 253,875 units, securing an additional $2.54 million. In total, $56.09 million has been placed in a trust account, providing a secure backing for investors at a rate of $10.025 per unit.
Wintergreen aims to leverage these funds to acquire businesses in the technology, media, and telecommunications sectors, with a concentrated interest in companies operating or planning to operate in the Asia Pacific region, particularly in Greater China, offering advanced and differentiated solutions.
The units began trading on Nasdaq under the ticker "WTGUU" on May 29, 2025. As planned, the ordinary shares and rights are expected to trade separately in the future under the symbols “WTG” and “WTGUR” respectively.
