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Hainan Manaslu Acquisition Corp. (HMAC) has announced a definitive business combination agreement with Able View Inc., a cross-border brand management company. This transaction values the combined entity at approximately US$400 million on a pro-forma basis, pending shareholder approvals. Able View has exhibited strong growth, with revenues of US$117 million in 2021 and a CAGR of 82% from 2017 to 2021. Post-transaction, shareholders of Able View will own approximately 80.3% of the new combined entity, expected to trade on Nasdaq as Able View Global Inc. The deal is expected to close in Q2 2023.
