The stock climbed to $19.00 in post-market trading, a stark turnaround from the regular session where shares finished down 3.2% at $11.00. Prior to this spike, the company had seen a modest 3.5% gain for the year. The business combination was ratified during a shareholder meeting held Thursday, with the official results released immediately following the closing bell.
In section Market Quotes
Melar Acquisition Shares Jump 73% Following Everli Deal Approval
A 73% surge in share price greeted Melar Acquisition Corp. following Thursday’s announcement that shareholders officially cleared the path for a merger with Everli Global. The move, disclosed in a Securities and Exchange Commission filing, signals a decisive shift for the special purpose acquisition company as it moves to take Everli public.
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