Wealthbridge Acq.  HHHHU = 1C, 1Rt, 1W (1/2)

​Now Scienjoy SJ 

2 Wts+ $11.50,   Call 16.50.

​Scienjoy Holding Corporation may issue up to 2,875,000 Ordinary Shares, no par value (“Ordinary Shares”), issuable upon the exercise of 5,750,000 issued and outstanding warrants sold as part of the units in our initial public offering (the “Public Warrants”).

On May 7, 2020, Scienjoy Holding Corporation (“SHC”, or we), formerly known as Wealthbridge Acquisition Limited (“Wealthbridge”), consummated the transactions (


IPO trust $10.00

With overalot trust = $57,500,000.  5,750,000 shares. 

12 Month deadline extendable to 21 at $0.10 per 3 month period.

Feb 21 2020

​Focus: Asia Pacific region.

Scienjoy merger press release 11/1/19

No mention of cash - 11/1.  Upon the closing of the transactions contemplated in the Share Exchange Agreement, Wealthbridge will acquire 100% of the issued and outstanding securities of Scienjoy, in exchange for approximately 16.4 million ordinary shares of Wealthbridge, among which 1.64 million ordinary shares of Wealthbridge are to be issued and held in escrow to satisfy any indemnification obligations of the Sellers. Additionally, the Sellers may be entitled to receive earnout shares 


Sponsor, Oriental Holdings Limited,  jointly owned by our director, Jining Li, through Keen Nice Communications Limited, and our chief executive officer, Yongsheng Liu,

As also previously disclosed in the Current Report, simultaneously with the closing of the IPO, the Company consummated the private placement (“Private Placement”) of 247,500 units (the “Private Units”) at a price of $10.00 per Private Unit, generating total proceeds of $2,475,000.

 Subsequently, on February 20, 2019, the underwriters exercised the option in full, and the closing of the issuance and sale of the additional Units occurred on February 21, 2019. The total aggregate issuance by the Company of 750,000 units at a price of $10.00 per unit resulted in total gross proceeds of $7,500,000. On February 21, 2019, simultaneously with the sale of the over-allotment units, the Company consummated the private sale of an additional 22,500 Private Units, generating gross proceeds of $225,000.

A total of $57,500,000 of the net proceeds from the sale of Units in the initial public offering (including the over-allotment option units) and the private placements on February 5, 2019 and February 21, 2019, were placed in a trust account established for the benefit of the Company’s public shareholders. 


if a registration statement covering the ordinary shares issuable upon exercise of the public warrants is not effective within 90 days following the consummation of our initial business combination, public warrant holders may, until such time as there is an effective registration statement and during any period when we shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act.

Chardan, CIM Securities