Crestfield at Law, P.C. is pleased to announce that it is advising Rongcheng Group Limited (“Rongcheng”) in connection with the signing of a business combination agreement with GalaxyEdge Acquisition Corporation (NYSE: GLED, GLEDR, GLEDU) (“GalaxyEdge”), a special purpose acquisition company.
On May 1, 2026, Rongcheng has entered into an Agreement and Plan of Merger with GalaxyEdge, a Cayman Islands exempted company, Rongcheng Global Limited, a Cayman Islands exempted company and wholly owned subsidiary of GalaxyEdge (the “Purchaser”), and GLED Merger Sub Ltd., a Cayman Islands exempted company and wholly owned subsidiary of the Purchaser (the “Merger Sub”), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of the Purchaser, and GalaxyEdge will merge with and into the Purchaser, with the Purchaser surviving as the publicly traded company (the “Proposed Transaction”).
The Proposed Transaction implies a pre-money equity value of approximately $350 million for the Company. Additional information regarding transaction proceeds, sources and uses of funds, and pro forma ownership will be included in the registration statement and other transaction-related materials to be filed in connection with the Proposed Transaction.
About Rongcheng Group Limited
Rongcheng is an integrated waste sorting service provider delivering end-to-end “consultation–implementation–training” solutions. Headquartered in Hong Kong, Rongcheng leverages a network of local consulting and recycling partners, alongside AI-powered sorting technology, to offer integrated policy advisory, advertising advisory, and project execution.
Crestfield is serving as U.S. counsel to Rongcheng in this transaction.
For more information, please refer to the original press release:
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Main Contact: Jan Louise Henry, Esq.
Jan Louise Henry, Esq., founder and managing partner of Crestfield at Law, P.C. (T&Z Business Law), specializes in China-related corporate and securities transactions, including venture capital, private equity, M&A, and securities offerings, with expertise in Restaurant Law and China Practice.