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Thursday, March 16, 2023

Equity Corporate Actions Alert #2023 - 162
Information Regarding the Business Combination of Summit Healthcare Acquisition Corp. (SMIH/W/U) and YS Biopharma Co., Ltd.

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  • Industry Announcement

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The business combination of Summit Healthcare Acquisition Corp. (SMIH/W/U) & YS Biopharma Co., Ltd. will become effective today at 4:02 PM ET, Thursday, March 16, 2023. As a result of the business combination, the Class A Ordinary Shares, Warrant, and Unit of Summit Healthcare Acquisition Corp. (SMIH/U/W) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Summit Healthcare Acquisition Corp. Class A Ordinary Shares
CUSIP#: G8566R102
Symbol: SMIH
Last Trading Date: March 16, 2023
Marketplace Effective Date for Suspension: March 17, 2023
Merger Consideration: 1.4286 shares of YS Biopharma Co., Ltd. (YS) for each share held.
Company Name/Issue: Summit Healthcare Acquisition Corp. Warrant
CUSIP#: G8566R110
Symbol: SMIHW
Last Trading Date: March 16, 2023
Marketplace Effective Date for Suspension: March 17, 2023
Merger Consideration: One (1) YS Biopharma Co., Ltd. Warrant expiring 3/15/2028 (YSBPW) for each warrant held.
Company Name/Issue: Summit Healthcare Acquisition Corp. Unit
CUSIP#: G8566R128
Symbol: SMIHU
Last Trading Date: March 16, 2023
Marketplace Effective Date for Suspension: March 17, 2023
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will be listed on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: YS Biopharma Co., Ltd. Ordinary Shares
CUSIP#: G9845F109
Symbol: YS
Marketplace Effective Date: March 17, 2023

Company Name/Issue: YS Biopharma Co., Ltd. Warrant expiring 3/15/2028
CUSIP#: G9845F117
Symbol: YSBPW
Marketplace Effective Date: March 17, 2023

If you would like to register as a market maker in YS or YSBPW, contact Nasdaq Trading Services at +1 212 231 5100.


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