Visiox Pharmaceuticals And PowerUp Acquisition Corp. Announced Definitive Agreement For A Business Combination; Visiox To Trade On The Nasdaq Capital Market; Combined Company Will Be Named Visiox Holdings Under The Ticker Symbols VSXP And VSXPW
Portfolio Pulse from Benzinga Newsdesk
Visiox Pharmaceuticals and PowerUp Acquisition Corp. have entered into a definitive agreement for a business combination. The merged entity will be named Visiox Holdings and will trade on the Nasdaq Capital Market under the ticker symbols VSXP and VSXPW. The transaction is anticipated to close in the first quarter of 2024.
December 27, 2023 | 1:10 pm
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POSITIVE IMPACT
PowerUp Acquisition Corp. is set to merge with Visiox Pharmaceuticals, resulting in a new entity, Visiox Holdings, which will trade under new ticker symbols VSXP and VSXPW.
The announcement of a definitive merger agreement typically leads to increased investor interest and potential stock price appreciation for the involved companies in the short term. As PowerUp Acquisition Corp. is directly involved in the merger, the news is highly relevant and important to its investors. The confidence score reflects the general positive sentiment towards mergers, although market conditions and further details of the deal could affect the outcome.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100