Successfully merged with Scienjoy Inc. • Now trading as SJ
SPAC Overview
$50M
IPO Size
$59.3M
Trust (as of 2020-03-31)
Completed
Current Status
2019
IPO Year
Timeline Progress
About
Wealthbridge Acquisition Limited is a blank-check company seeking a business combination. It intends to focus on operating businesses in and around air transportation and aviation in China, with prospective target companies generally showing over 25% annual growth in revenue or net profit for the prior two years.
Investment Focus
Aviation, Transportation
Geographic Focus
China
The terms and the filing trail behind Wealthbridge Acquisition Ltd
What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.
- Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
- Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
- The full 8-K lifecycle timeline, each event linked to its filing
- Price history across the unit, share and warrant tickers
- Follow it, and see it change on your watchlist
SPAC Team
Leadership
Ray Lei Chen
Chief Operating Officer, Vice Chairman of the Board of Directors
Xiaowu He
Chairman of the Board of Directors, Chief Executive Officer, Independent Director
Yongsheng Liu
Chairman of the Board of Directors, Chief Executive Officer, Chief Operating Officer, Director, Independent Director, Vice Chairman of the Board of Directors
Denny Tang
Chief Financial Officer
Xiaoyan Tang
Chief Financial Officer
Bo Wan
Chief Operating Officer, Director, Independent Director
Pei Lu
Head of the R&D Department
Hucheng Zhou
Independent Director
Huifeng Chang
Independent Director
Jian Sun
Independent Director
Jining Li
Director, Independent Director
Jun Lu
Independent Director
Kinpui Choi
Independent Director
Sheng Hou
Independent Director
Simin Xie
Independent Director
Weiping Chen
Independent Director
Yibing Liu
Independent Director
Yuehai Zhou
Beneficial owner
Zhean Bao
Beneficial owner
He Xiaowu
Extended Team Information
The management and board bring civil aviation, technology, M&A and operating experience, including senior leadership in airlines, aviation, film, finance, telecommunications and business.
Stock Performance
SJ
Trading Symbol
First Trade
March 7, 2019
$9.79
At Merger
May 11, 2020
$8.45
-14%
6 Months Post-Merger
November 11, 2020
$7.09
-16%
1 Year Post-Merger
May 12, 2021
$7.25
-14%
2 Years Post-Merger
May 9, 2022
$2.63
-69%
Current Price
October 2, 2026
$0.83
-92%
Key Information
IPO Date
February 7, 2019
Total Redemptions
$53.8M
State of Incorporation
D8
SIC
6770
Completion Date
May 7, 2020
Merger Target
Scienjoy Inc.
SPAC Ticker
HHHH
Merged Ticker
SJ