(0) NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Yunhong International (NASDAQ:ZGYH) (the "Company" or "Yunhong"), a special purpose acquisition company, and Giga Energy Inc. (f/k/a Ares Motor Works, Inc.) ("Giga Energy"), a company that plans to provide industrial and commercial transportation solutions, today announced the execution of a definitive share exchange agreement (the "Exchange Agreement"), pursuant to which Giga Energy will be acquired by Yunhong and Giga Energy will be the surviving business. The potential maximum value of this transaction is approximately $7.354 billion. Pursuant to the Exchange Agreement, the Company will purchase from the shareholders of Giga Energy all of the issued and outstanding shares and any other equity interests in or of Giga Energy in exchange for newly issued ordinary shares of the Company, subject to the terms and conditions set forth in the Exchange Agreement (the "Business Combination"). The closing of the Business Combination is subject to the satisfaction of the conditions set forth in the Exchange Agreement, accordingly, there can be no assurance that the proposed Business Combination will be consummated.