TradeUP (UPTD) Stock is Up: What's Going On?
Portfolio Pulse from Erica Kollmann
TradeUP Acquisition Corp (NASDAQ:UPTD) shares are trading higher after the company entered into subscription agreements with Lianhe World Limited and Plentiful Limited in connection with its planned business combination transaction with Estrella Biopharma, Inc. Each of these companies will purchase $5,000,000 in shares of the combined company priced at $10 per share. The combined company's first day of trading is anticipated in October 2023. UPTD shares are up 42% at $17.15.
September 21, 2023 | 3:08 pm
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POSITIVE IMPACT
TradeUP Acquisition Corp's stock is trading higher after entering into subscription agreements for its planned business combination with Estrella Biopharma. The stock is up 42%.
The news of the subscription agreements for the planned business combination with Estrella Biopharma has positively impacted the stock price of TradeUP Acquisition Corp. The anticipation of the combined company's first day of trading in October 2023 also adds to the positive sentiment.
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IMPORTANCE 80
RELEVANCE 100