Aspire Biopharma Signs LOI To Create A Publicly Listed, Drug Delivery Company Through A Business Combination With PowerUp Acquisition Corp.
Portfolio Pulse from Benzinga Newsdesk
Aspire Biopharma and PowerUp Acquisition Corp. have signed a non-binding letter of intent for a potential business combination. The combined public company would be listed on a national securities exchange.
July 31, 2024 | 12:24 pm
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PowerUp Acquisition Corp. has signed a non-binding LOI with Aspire Biopharma for a potential business combination. This could lead to the creation of a publicly listed drug delivery company.
The signing of a non-binding LOI for a potential business combination with Aspire Biopharma could positively impact PowerUp Acquisition Corp.'s stock price in the short term. Investors often react favorably to news of potential mergers and acquisitions, especially in the biopharmaceutical sector.
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