Wintergreen Acquisition Business Summary

Wintergreen Acquisition Corp. (WTG) is a publicly traded special purpose acquisition company (SPAC) headquartered in Beijing, China, designed to facilitate a business combination within the technology sector. As of February 2026, the company operates as a shell entity with no primary operations, generating nominal revenue through interest on trust account assets. However, WTG has entered into a definitive merger agreement to acquire KIKA Technology INC., an AI-driven developer of customizable mobile keyboard applications, in a transaction valuing the target at approximately $80 million. Post-merger, the company’s revenue model will shift toward a mix of in-app purchases, premium subscriptions for digital assets (themes, emojis, and GIFs), and mobile advertising within its flagship Kika Keyboard ecosystem. WTG competes directly with other small-to-mid-cap acquisition vehicles and technology-focused shell companies such as Atlasclear Holdings Inc. (ATCH), Cantor Equity Partners II Inc. (CEPT), and Drugs Made In America Acquisition (DMAA), positioning itself as a niche gateway for high-growth AI input technologies entering the public markets. The leadership team is headed by Chief Executive Officer and Chairman Yongfang Yao (also known as Fayer), a seasoned technology executive with extensive experience in the mobile internet and AI sectors, particularly through his prior leadership roles at Kika Tech. He is supported by Chief Financial Officer and Director Bingzhao Tan, who oversees the firm’s capital structure and regulatory compliance. The board of directors includes independent members Caihong Chen, Xiangxiang Wei, and Ru Ding, providing a mix of legal, financial, and operational oversight. Notable institutional backing for the entity includes significant equity stakes held by Wolverine Asset Management and Feis Equities LLC, reflecting professional investor confidence in the firm’s strategic pivot toward the generative AI and mobile self-expression markets.