China’s Ucommune and Nasdaq-listed Orisun receive $53m backstop investment commitments

Photo: Ucommune website

Nasdaq-listed special purpose acquisition company Orisun Acquisition and China’s biggest shared workspace provider, Ucommune International Ltd, have received $53 million in backstop investment commitments from 14 investors, Orisun announced in a statement on Monday.

In June, Orisun had agreed to acquire Ucommune and the merger is expected to close in the fourth quarter this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter