Item 1.01 Entry into a Material Definitive Agreement






Unsecured Promissory Note

On August 13, 2021, Yunhong International, a Cayman Islands exempted company (the "Company"), issued an unsecured promissory note (the "Note") in the principal amount of $690,000 to Giga Carbon Neutrality Inc. (f/k/a Giga Energy Inc.), a corporation formed under the laws of the Province of British Columbia, Canada ("GCN"). The Note bears no interest.

The principal balance of the Note shall be due and payable in accordance with its terms on or before November 18, 2021 (subject to the waiver against trust limitations).

The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

A copy of the Note is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosure set forth in this Item 1.01 is intended to be a summary only and is qualified in its entirety by reference to the Note.

In connection with the issuances of the Note, GCN deposited an aggregate of $690,000, or $0.10 per public share, representing the proceeds of the Note into the Company's trust account (the "Trust Account"), on August 13, 2021. As a result, the period of time the Company has to consummate an initial business combination has been extended by three months to November 18, 2021, as described in the prospectus filed by the Company with the Securities and Exchange Commission (the "SEC") on February 14, 2020 in connection with the Company's initial public offering.




Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an
           Off-Balance Sheet Arrangement of a Registrant

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.




Item 8.01 Other Events

A copy of the press release announcing the extension of the period of time the Company has to consummate an initial business combination is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits






Exhibit No.   Description
   10.1         Promissory Note
   99.1         Press Release dated as of August 17, 2021

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