Prime Number Acquisition I Corp shares are trading lower amid its recently completed business combination with noco-noco Pte. Ltd. The combined company, nono-noco, will commence trading under "NCNC" on the Nasdaq on Monday.
Portfolio Pulse from Benzinga Newsdesk
Prime Number Acquisition I Corp has completed its business combination with noco-noco Pte. Ltd. The combined company, nono-noco, will start trading under the symbol 'NCNC' on the Nasdaq on Monday. The shares of Prime Number Acquisition I Corp are currently trading lower.
August 25, 2023 | 3:19 pm
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NEGATIVE IMPACT
Prime Number Acquisition I Corp's shares are trading lower following the announcement of its business combination with noco-noco Pte. Ltd.
The news of the merger and the subsequent trading under a new symbol could be causing uncertainty among investors, leading to the current dip in Prime Number Acquisition I Corp's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The newly formed company, nono-noco, resulting from the merger of Prime Number Acquisition I Corp and noco-noco Pte. Ltd, will start trading under the symbol 'NCNC' on the Nasdaq on Monday.
The new company, nono-noco, will commence trading under a new symbol, which could attract investor interest. However, it's uncertain how the market will react initially.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100