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business or had any substantive discussions, formal or otherwise, with respect to such a transaction with our company.
+Added: Proposed United Hydrogen Business Combination
+Added: On June 19, 2024, Aimei Health entered into
+Added: a definitive Business Combination Agreement (the “Merger Agreement”) for a business combination with (i) United Hydrogen Group
+Added: Inc., an exempted company incorporated with limited liability in the Cayman Islands (“United Hydrogen”), (ii) United Hydrogen
+Added: Global Inc., an exempted company incorporated with limited liability in the Cayman Islands (“Pubco”), (iii) United Hydrogen
+Added: Victor Limited, an exempted company incorporated with limited liability in the Cayman Islands and a wholly-owned subsidiary of Pubco;
+Added: (iv) United Hydrogen Worldwide Limited, an exempted company incorporated with limited liability in the Cayman Islands and a wholly-owned
+Added: subsidiary of Pubco ;
+Added: and (v) Aimei Investment Ltd., a Cayman Islands exempted company, in
+Added: the capacity as, from and after the closing of the transactions contemplated by the Merger Agreement (the “Closing”), the
+Added: representative for Aimei Health and its shareholders (the “Sponsor”).
+Added: The Merger Agreement may be terminated under certain
+Added: customary and limited circumstances prior to the consummation of the Closing, including:
+Added: (i) by mutual written consent of Aimei Health
+Added: and United Hydrogen;
+Added: (ii) by either Aimei Health or United Hydrogen if any law or governmental order (other than a temporary restraining
+Added: order) is in effect that permanently restrains, enjoins, makes illegal or otherwise prohibits the mergers and the other transactions contemplated
+Added: by the Merger Agreement;
+Added: (iii) by either Aimei Health or United Hydrogen if any of the conditions to Closing have not been satisfied or
+Added: waived by March 31, 2025;
+Added: (iv) by either Aimei Health or United Hydrogen upon a material breach of any representations, warranties, covenants
+Added: or other agreements set forth in the Merger Agreement by the other party if such breach gives rise to a failure of certain closing conditions
+Added: to be satisfied and cannot or has not been cured within the earlier of 20 days’ following the receipt of notice from the non-breaching
+Added: party and the Termination Date;
+Added: (v) by either Aimei Health or United Hydrogen if the Aimei Health shareholder approval is not obtained
+Added: at its shareholder meeting;
+Added: (vi) by Aimei Health if the United Hydrogen shareholder approval is not obtained within ten (10) business
+Added: days after the Registration Statement becomes effective;
+Added: or (vii) by Aimei Health, if the Reorganization (as defined in the Merger Agreement)
+Added: is not completed by December 31, 2024.
+Added: The Merger Agreement and related agreements are further described in our Current Report on Form
+Added: 8-K filed with the SEC on June 20, 2024.
of Operations
have neither engaged in any operations nor generated any revenue to date.
−Removed: Our only activities from inception to March 31, 2024 were organizational
+Added: Our only activities from inception to June 30, 2024 were organizational
activities, those necessary to prepare for and conduct the IPO, and those required to identify and evaluate a target company for a business
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as well as for due diligence expenses.
−Removed: the three months ended March 31, 2024, we had a net income of $755,500, which consisted of dividend income earned on investments held
+Added: the six months ended June 30, 2024, we had a net income of $1,364,592, which consisted of dividend income earned on investments held
in the Trust Account of $1,827,338 offset by formation and operational costs of $462,746.
+Added: the three months ended June 30, 2024, we had a net income of $609,092, which consisted of dividend income earned on investments held
+Added: in the Trust Account of $918,206 offset by formation and operational costs of $309,114.
+Added: the period from April 27, 2023 (inception) to June 30, 2024, we had a net loss of $3,618, which consisted of formation and operational
+Added: costs of $3,618.
and Capital Resources
−Removed: of March 31, 2024, we had $413,747 in our operating bank account, $70,798,980 in our Trust Account, and working capital of approximately
+Added: of June 30, 2024, we had $157,505 in our operating bank account, $71,717,186 in our Trust Account, and working capital of approximately
liquidity needs prior to the consummation of the IPO were satisfied through the payment of $25,000 from the Sponsor to cover certain
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Capital Loans (as defined in “Note 5—Related Party Transactions” in the notes to our unaudited financial statements).
−Removed: As of March 31, 2024, there were no amounts outstanding under the Working Capital Loans.
+Added: As of June 30, 2024, there were no amounts outstanding under the Working Capital Loans.
on the foregoing, management believes that we will have sufficient working capital and borrowing capacity to meet our anticipated cash
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Sheet Financing Arrangements
−Removed: have no obligations, assets, or liabilities, which would be considered off-balance sheet arrangements as of March 31, 2024.
+Added: have no obligations, assets, or liabilities, which would be considered off-balance sheet arrangements as of June 30, 2024.
participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable
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results could materially differ from those estimates.
−Removed: As of March 31, 2024, there was no critical accounting policies or estimates.
+Added: As of June 30, 2024, there were no critical accounting policies or estimates.
Accounting Standards
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.