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Waton’s First SPAC, An Overview of Love & Health’s US IPO

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Waton’s First SPAC, An Overview of Love & Health’s US IPO

January 19
07:30 2024

January 18, 2024 – Love & Health Limited, headquartered in Hong Kong, officially filed to go public with the U.S. Securities and Exchange Commission (SEC), planning to list on Nasdaq under the stock code LLLLU.

(Public offering document:

Love & Health Limited was established in October 2023 as a blank check company with no specific acquisition target, incorporated in the Cayman Islands. Its sponsor is Waton Sponsor Limited, a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of Waton Financial Limited (hereinafter referred to as “Waton Financial”). Waton Financial is headquartered in Hong Kong and its main businesses include stock settlement services and providing one-stop IT solutions for the securities brokerage industry.

Waton Financial and its wholly-owned subsidiary Waton Securities International Limited (collectively referred to as “Waton Group”) have been operating in Hong Kong since 1989. Waton holds Type 1, 4, 5 and 9 licenses issued by the Securities and Futures Commission of Hong Kong, with license number AAK004. Waton Group provides B2B brokerage services and financial technology system/application development services to licensed financial institutions in emerging markets, with its regional headquarters in Hong Kong. As Amazon’s strategic partner, Waton Group is the first financial technology brokerage cloud solution (abbreviated as “Broker Cloud”) provider on the AWS platform. According to an independent industry report released by Frost & Sullivan, Waton Group ranked among the top five FinTech service providers for small and medium-sized brokers in the Asia Pacific region (exclude mainland China) in 2022. Waton Group is committed in providing highly customized solutions through cutting-edge technology to promote safe, simple and reliable transactions and investment. Waton Group has teamed up with socially responsible suppliers that integrate social and environmental concerns in their business operations, for example, one of its suppliers has engaged Canyou Group, a software technology company composed entirely of software technology elites with disabilities to provide software development services.

Although there is no restriction or limitation on what industry or geographic region its target operates in, it is the intention of Love & Health Limited to pursue prospective targets in FinTech, financial services, business services, technology, consumer goods and other new economy industries. Through the SPAC, clearing and settlement services and Broker Cloud Eco-system participants, Waton Group aims at providing a one-stop service to its future targets.

Contact information for Waton Group’s investment banking department and its SPAC Love & Health Limited is: Phone: +852 2853 1838; Email: [email protected]; Website:

Media Contact
Company Name: Waton Securities International Limited
Contact Person: Kai Zhou
Email: Send Email
Address:Suites 3605-06, 36th Floor, Tower 6, The Gateway
City: Harbour City
State: Kowloon
Country: HongKong