On June 7, 2024, Big Tree Cloud, a personal care products company from Shenzhen, China, successfully acquired SPAC (Special Purpose Acquisition Company) Plutonian Acquisition Corp. (stock code PLTN) and officially listed on NASDAQ in the United States, with stock codes "DSY" and "DSYWW".
Plutonian Acquisition Corp., a blank check company, was registered as a Delaware company on March 11, 2021. The company was established to merge, share exchange, asset acquisition, share purchase, reorganization or similar business merger with one or more business entities, and was initiated and controlled by Zhang Guojian, a Chinese.
Dashuyun Group is a consumer oriented, mission oriented, and technology oriented company dedicated to developing, producing, and selling personal care products in China. Especially, it focuses on the development and production of feminine hygiene products, including disinfectant feminine sanitary pads, menstrual pants, and other feminine hygiene products. Dashuyun is committed to building a platform specifically for our modern, health conscious, and independent minded consumers who require high-quality and carefully designed products to meet their personal care needs. DaShu Cloud integrates the consumer to manufacturer and merchant model as part of its platform, connecting online and offline operations, creating a community for consumers to provide product feedback and requirements for their products. For Dashuyun's core women's care products, consumer feedback and suggestions are particularly important for its product development and delivery of high-quality products. These channels and resources lead the market towards a high-quality self-care lifestyle, which is the process of DaShuYun pursuing its mission.
Mr. Zhu Wenquan, Founder and Chairman of the Board of Directors of Plutonian Acquisition Corp., stated, "The proposed business merger with Plutonian Acquisition Corp. will enable us to accelerate our efforts to fulfill our mission of providing consumers with high-quality personal care products and expanding our product portfolio beyond women's care. We believe that this strategic move will enhance our market share and further build Plutonian into a trusted and innovative brand.
The CEO of Plutonian Acquisition Corp. said, "We are pleased to complete the business merger between Plutonian Acquisition Corp. and Big Tree Cloud. The Plutonian Acquisition Corp. team is honored to be a part of it, and this is a milestone moment as Big Tree Cloud's entire excellent management team continues to execute its robust growth plan and strategy. With multiple notable developments in the consumer goods industry, we firmly believe that as a publicly traded company, Big Tree Cloud has the right model and technology to leverage its experience and platform to create shareholder value
On October 10, 2023, Plutonian Acquisition Corp. and Big Tree Cloud Group announced their first merger and successfully went public in just about 8 months, thanks to SPAC's unique listing model advantages.
SPACs can usually go public 3-4 times faster than other common methods, because compared to the lengthy review process of traditional IPOs, SPACs mainly raise funds through IPOs and acquire promising unlisted companies, enabling the acquired companies to achieve "backdoor listing" and greatly shorten the listing cycle. And in the face of fleeting market opportunities, it can effectively assist enterprises in seizing market opportunities in a timely manner.
Since 2009, the overseas listed capital group of small and medium-sized enterprises has been using the SPAC reverse merger model to help them go public in the United States. With mature relevant experience, we hope to help more small and medium-sized enterprises successfully go public in the United States.
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