Tims China Announces Pre-Merger Financing And Pipe Commitments

TH International Limited ("THIL" or "Tims China") announced today a significant pre-merger financing round by a leading global asset manager (the "Investor"). In addition, Tims China announced its receipt of several initial commitments to a larger private investment in public equities ("PIPE") financing to be closed concurrently with THIL's merger with Silver Crest Acquisition Corporation ("Silver Crest").