This Chinese Personal Care Brand Soars Nearly 140% In Pre-Market After Announcing Combined Entity With Plutonian Acquisition
Portfolio Pulse from Benzinga Neuro
Big Tree Cloud (NASDAQ:DSY) saw its stock soar over 140% in pre-market trading after announcing a business combination with Plutonian Acquisition Corp. The newly combined entity began trading on Nasdaq under the tickers 'DSY' and 'DSYWW'. The merger values Big Tree Cloud at $500 million and aims to enhance its personal care product offerings.
June 10, 2024 | 11:25 am
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Big Tree Cloud (NASDAQ:DSY) saw a significant pre-market stock surge of 140% following the announcement of its merger with Plutonian Acquisition Corp. The merger values Big Tree Cloud at $500 million and aims to enhance its personal care product offerings.
The announcement of the merger and the subsequent 140% pre-market surge indicate strong investor confidence and positive market sentiment. The merger is valued at $500 million, which is a significant milestone for Big Tree Cloud, enhancing its growth prospects and product offerings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100