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Clene (Tottenham Acquisition I) Priced, Nasdaq: CLNN

Chinese blank check company formed to acquire a TMT business (completed 12/30/2020).

Industry: SPAC

First Day Return: +1.3%

Industry: SPAC

We are a blank check company incorporated in the British Virgin Islands to serve as a vehicle to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more target businesses. The Company intends to focus on operating businesses in the TMT, education, e-commerce, health-care and consumer goods industries with primary operations in Asia (with an emphasis in China). Our sponsor is owned by Mr. Kon Man (Jason) Wong, who has over 25 years of experience in fund management and investments. Mr. Wong is the founding member and a member of the board of Whiz Partners Asia, and is on the investment committee of the Whiz Asia Evolution fund. Since 2000, Mr. Wong has been the managing director of Fortune Capital Group. He is currently an independent director of Ascent International Holdings (HK: 264). We expect Mr. Wong to help us identify potential business combination targets and provide his expertise and experience in evaluating those targets.
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Clene (Tottenham Acquisition I) (CLNN) Performance