Patrick Orlando, whose status as an operator of blank-check firms skyrocketed last month when he reached a deal to bankroll former President Donald Trump’s media company, is scrapping one of his earlier ventures for hunting such transactions.
Orlando’s special purpose acquisition company Yunhong International Co. plans to dissolve and liquidate, redeeming public shares at $10.31 apiece, according to a regulatory filing Friday. Yunhong, based in Wuhan, China, cited its “inability to consummate an initial business combination” before a deadline specified in the company’s bylaws.
For More: Moneyman Behind Trump’s Media Company Runs a Firm in Wuhan
Orlando is chief ...
