GalaxyEdge SPAC enters definitive merger with Rongcheng valued at $350M pre-money

GalaxyEdge Acquisition Corp

Pre-money equity value of Rongcheng set at $350M; consideration 35M Purchaser shares at $10.00 each.
Post-closing board will have five directors; Rongcheng to designate four, GalaxyEdge one.
Lock-up agreements for 180 days for certain Company and Sponsor shareholders.
Transaction subject to shareholder approvals, SEC registration effectiveness, and NYSE listing.
Rongcheng provides integrated waste sorting services with a consultation-implementation-training model.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GalaxyEdge Acquisition Corp entered into Agreement and Plan of Merger with Rongcheng Group Limited, a shareholder of the Company, Chen Li, Rongcheng Global Limited, GLED Merger Sub Ltd. valued at 35,000,000 ordinary shares of Purchaser, valued at $10.00 per share, based on an agreed pre-money eq (effective 2026-05-01).

Action: entry
Agreement: merger
Counterparty: Rongcheng Group Limited, a shareholder of the Company, Chen Li, Rongcheng Global Limited, GLED Merger Sub Ltd.
Value: 35,000,000 ordinary shares of Purchaser, valued at $10.00 per share, based on an agreed pre-money eq
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, GalaxyEdge Acquisition Corporation, a Cayman Islands exempted company (“GLED” or “Parent”), Rongcheng Group Limited, a Cayman Islands exempted company (the “Company”), a shareholder of the Company (the “Principal Shareholder”), Chen Li, solely in his capacity as representative of the Principal Shareholder, Rongcheng Global Limited, a Cayman Islands exempted company and wholly owned subsidiary of Parent (“Purchaser”), and GLED Merger Sub Ltd., a Cayman Islands exempted company and wholly owned subsidiary of Purchaser (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).

View on SEC.gov

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GalaxyEdge Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001829126-26-004377

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