Enchem’s U.S. subsidiary to go public through reverse merger with Nasdaq-listed company

Published: Jun 4, 2026 16:27

Save

Enchem America, the U.S. subsidiary of secondary battery electrolyte company Enchem, has agreed to merge with The GrowHub, a Singapore-based blockchain technology company listed on Nasdaq.

The GrowHub said in a filing with the U.S. Securities and Exchange Commission (SEC) on June 1 local time that it had signed a binding agreement related to a business combination with Enchem America.

The transaction is structured as a reverse merger. When a foreign company acquires a company listed on the U.S. stock market, the acquired U.S.-listed entity remains as the surviving company after the merger.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

54 mins ago

China Automobile Dealers Association: Auto Consumption Index at 81 in May, Up Slightly WoW

The China Automobile Dealers Association released the latest "Automobile Consumption Index": the Automobile Consumption Index in May 2026 was 81, a slight increase MoM, and the automobile market is expected to maintain a relatively stable operating trend in June. According to the association's analysis, the automobile market in June exhibited a structural divergence pattern characterized by "cooling demand, declining foot traffic, and strengthening transactions." The fading of holiday dividends and the impact of high temperatures led to pullbacks in both new demand and offline foot traffic, and overall market momentum slowed down compared to the concentrated surge in May. However, dealers are expected to ramp up mid-year sales promotions, and the concentrated conversion of previously accumulated intent orders will continue to drive up end-user transactions.

54 mins ago

57 mins ago

Japan's Four Major Automakers Saw 6% Increase in U.S. Sales in May, Rising Gas Prices Boosted Hybrid Vehicle Sales

Japan's four major car makers recently released data showing that total US new car sales in May reached 484,517 units, a 6.1% increase year over year. Although Toyota saw a slight year-over-year decline, all producers reported strong sales momentum, driven by robust new car demand. Against the backdrop of rising gasoline prices caused by the Middle East situation, hybrid vehicles (HVs) showed notable growth.

57 mins ago

58 mins ago

Volvo Cars Global Sales Down 5.5% YoY, March-May

Volvo Cars announced that global sales from March to May 2026 totaled 178,980 units, down 5.5% YoY. Among them, BEV model sales reached 41,435 units, up 10% YoY.

58 mins ago