Corporate Partner and Head of M&A, Yi Wayn, led the Singapore team to successfully advise Genesis Unicorn Capital Corp. (NASDAQ: GENQ) (“Genesis”) in its acquisition by Environmental Solutions Group Holdings Limited (“ESA Holdings”) for approximately US$75 million in a reverse merger transaction to form ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL”), and the listing of ESGL on the Nasdaq.
ESA Holdings is a sustainable waste solutions provider whose mission is to recycle industrial waste into circular products using innovative technologies and renewable energy through its operating entity in Singapore, Environmental Solutions (Asia) Pte. Ltd..
Genesis is a special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
With ASEAN facing plastic and industrial waste challenges, the combined entity, ESGL, seeks to expand its waste treatment solutions and capacities across the region, aligning with the increasingly stringent supply-chain environmental, social, and governance requirements, while creating a positive environmental impact across Singapore and the broader ASEAN region.
Upon the closing of the transaction, the common stock and public warrants of the combined entity, ESGL, has begun trading on 4 August 2023 on the Nasdaq under the ticker symbols “ESGL” and “ESGLW,” respectively.