Founded in April 2024 as a Cayman Islands exempted blank check company, Wintergreen Acquisition Corp. raised gross proceeds of $55.95 million in its May 2025 IPO and private placements. These proceeds are held in a trust account pending consummation of its initial business combination. The announced merger with KIKA Technology Inc.—valued at $80 million—marks Wintergreen's shift towards operational status and Asian market exposure. Despite no operating revenues prior to the merger, Wintergreen generated net income primarily from interest income on trust assets, resulting in an 18.6% ROE as of December 31, 2025. Key closing conditions include SEC registration effectiveness, shareholder approvals, and retention of minimum net tangible assets post-merger, positioning Wintergreen’s transition from a SPAC shell into an active technology-backed entity.