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Loeb & Loeb represented Embrace Change Acquisition Corp., a publicly traded special purpose acquisition company, in its definitive merger agreement with Tianji Tire Global (Cayman) Limited, a leading China-based tire manufacturer.
If it closes, the transaction, valued at $450 million, will result in Tianji becoming a publicly listed company on Nasdaq under the name Tianji Tire Global Group (Cayman) Limited.
The merger consideration will consist of newly issued securities of the combined company, valued at $10.00 per share. The transaction is expected to close in mid-2025, subject to customary regulatory and shareholder approvals.
The Loeb team included Capital Markets partner Giovanni Caruso, senior counsel Sherry Li; Tax partner Shahrooz Shahnavaz; and Corporate associate Simoné Hovsepian.
For more information, please see the companies’ joint press release.
If it closes, the transaction, valued at $450 million, will result in Tianji becoming a publicly listed company on Nasdaq under the name Tianji Tire Global Group (Cayman) Limited.
The merger consideration will consist of newly issued securities of the combined company, valued at $10.00 per share. The transaction is expected to close in mid-2025, subject to customary regulatory and shareholder approvals.
The Loeb team included Capital Markets partner Giovanni Caruso, senior counsel Sherry Li; Tax partner Shahrooz Shahnavaz; and Corporate associate Simoné Hovsepian.
For more information, please see the companies’ joint press release.
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