Youlife Group Inc. Goes Public in Business Combination with Distoken Acquisition Corporation
July 9, 2025
Youlife Group Inc. completed a business combination with Distoken Acquisition Corporation and its ADSs are expected to begin trading on Nasdaq under the ticker "YOUL" on July 10, 2025. The transaction included a PIPE financing that generated approximately $27.0 million of gross proceeds to fund Youlife's strategic development and expansion of its blue-collar vocational training and talent services in China.
- Buyers
- Distoken Acquisition Corporation, Multiple PIPE investors (unnamed)
- Targets
- Youlife Group Inc.
- Industry
- Staffing & HR
- Location
- Beijing, China
- Transaction Type
- Buyout
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