Core Viewpoint - Youlife International Holdings Inc. is set to go public in the U.S. through a business combination with Distoken Acquisition Corporation, aiming to enhance its global presence and capitalize on growth opportunities in the blue-collar service sector [1][2][3]. Company Overview - Youlife is a leading blue-collar lifetime service platform in China, offering vocational education, recruitment, employee management, and market services tailored for blue-collar workers and businesses [5]. - The platform addresses significant challenges in China's vocational education and recruitment sectors, aiming to empower blue-collar workers with skills and connect them with suitable employers [5]. Business Combination Details - The business combination will involve a merger between Youlife and Distoken, with a newly-formed parent company, Youlife Group Inc., to be listed on the Nasdaq under the ticker symbol YOUL [1][3]. - The completion of the business combination is contingent upon regulatory approvals, shareholder approvals from both companies, and the satisfaction of customary closing conditions [2][3]. Strategic Goals - The business combination is expected to support Youlife's globalization, platformization, and AI transformation strategies, providing robust capital protection and accelerating expansion in Greater China and internationally [2][3]. - Distoken will offer strategic and resource support to Youlife, enhancing its position in the blue-collar talent service market and promoting growth in overseas emerging markets [3]. Future Plans - Youlife aims to create a capital platform through its U.S. listing, attracting international investors and furthering its growth strategy to become the preferred lifelong service platform for global blue-collar talent [3].
Youlife International and Distoken Acquisition Corporation Announce Definitive Business Combination Agreement