TradeUP Acquisition Corp. Announces Extension Of The Deadline For An Initial Business Combination To September 19, 2023
Portfolio Pulse from Happy Mohamed
TradeUP Acquisition Corp. (NASDAQ:UPTD) has extended the deadline for its initial business combination from August 19, 2023, to September 19, 2023. The company has deposited $37,432.70 into its trust account, representing $0.05 per remaining share of the company. The payment was made by Estrella Biopharma, Inc., pursuant to a merger agreement.
August 18, 2023 | 8:35 pm
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TradeUP Acquisition Corp. has extended its initial business combination deadline, which may indicate a delay in the company's strategic plans. This could potentially impact investor sentiment.
The extension of the deadline for the initial business combination could indicate a delay in the company's strategic plans. While this does not directly impact the company's financials, it could potentially affect investor sentiment and the company's stock price in the short term.
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