Yunhong International

Yunhong International operates as a blank check company. The firm is created for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2013 and is headquartered in Wuhan, China.

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NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Yunhong International (NASDAQ:ZGYH) (the "Company") today announced that it has received a notice ("Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") as a result of its failure to file its Annual Report on Form 10-K for the year ended June 30, 2021 (the "Form 10-K") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).

Yunhong International Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K

NEW YORK, NY / ACCESSWIRE / September 14, 2021 / Yunhong International (NASDAQ:ZGYH) (the "Company") today announced that on September 8, 2021, the Company received a written notice from Giga Carbon Neutrality Inc. (f/k/a Giga Energy Inc.), a corporation formed under the laws of the Province of British Columbia, Canada ("GCN"), terminating the share exchange agreement, dated as of May 14, 2021 (the "Share Exchange Agreement"), entered into by and among the Company, GCN and the other parties identified therein, pursuant to which the Company agreed to purchase from the shareholders of GCN all of the issued and outstanding shares of GCN in exchange for newly issued ordinary shares of the Company, subject to the terms and conditions set forth in the Share Exchange Agreement (the "Business Combination"), because the Business Combination had not been consummated by July 30, 2021. About Yunhong International Yunhong International is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Yunhong International Announces Termination of Share Exchange Agreement

NEW YORK, NY / ACCESSWIRE / August 17, 2021 / Yunhong International (NASDAQ:ZGYH) (the "Company" or "Yunhong") today announced that an aggregate amount of $690,000 has been deposited into the Company's trust account for its public shareholders (the "Trust Account"), representing $0.10 per public share, which enables the Company to extend the period of time it has to consummate its initial business combination by three months to November 18, 2021. On May 14, 2021, the Company executed a definitive Share Exchange Agreement (the "Share Exchange Agreement") with Giga Carbon Neutrality Inc. (f/k/a Giga Energy Inc.) ("GCN"), a company that plans to market both hydrogen fuel cell and advanced battery industrial and commercial transportation products to address the world's biggest energy challenges, the shareholders of GCN and the other parties identified therein, pursuant to which the Company will purchase from the shareholders of GCN all of the issued and outstanding shares and any other equity interests in or of GCN in exchange for newly issued Class A ordinary shares of the Company, subject to the terms and conditions set forth in the Share Exchange Agreement (the "Business Combination"), after which GCN will become a wholly-owned subsidiary of the Company and the Company will rename itself as Giga Carbon Neutrality Ltd.

Yunhong International Confirms Funding to Extend Period of Time to Consummate Initial Business Combination

NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Yunhong International (NASDAQ:ZGYH) (the "Company" or "Yunhong"), a special purpose acquisition company, and Giga Energy Inc. (f/k/a Ares Motor Works, Inc.) ("Giga Energy"), a company that plans to provide industrial and commercial transportation solutions, today announced the execution of a definitive share exchange agreement (the "Exchange Agreement"), pursuant to which Giga Energy will be acquired by Yunhong and Giga Energy will be the surviving business. The potential maximum value of this transaction is approximately $7.354 billion.

Yunhong International and Giga Energy Inc. Announce Execution of Definitive Share Exchange Agreement With a Potential Value Up to Approximately $7.354 Billion

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