Streetbeat News

ERES

Abacus Life Inc

Employees

Open

10.47

Mkt cap

125M

Volume

111K

High

11.27

P/E Ratio

-47.17

52-wk high

11.27

Low

10.42

Div yield

N/A

52-wk low

7.17

East Resources Acquisition Co (ERES) has announced the closure of its merger with Abacus Life for $618.0 million. Following the merger, ERES has been renamed to 'Abacus Life, Inc.,' and its common stock and warrants are expected to start trading on the Nasdaq Capital Market under the ticker symbols 'ABL' and 'ABLLW,' respectively, from July 5, 2023. ERES shares are currently trading higher by 6.2% at $10.44.

Portfolio Pulse from Lekha Gupta

July 03, 2023 | 2:27 pm

East Resources Acquisition Company (ERES) has completed its business combination with Abacus Life. Post the merger, ERES has been renamed to Abacus Life, Inc. and will start trading on Nasdaq under the ticker symbol 'ABL' from July 5, 2023. The company aims to leverage the capital raised from this transaction and its new access to public markets to scale and expand its portfolio of life settlement services and specialty insurance products.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 12:01 pm

East Resources Acquisition Company (ERES) has announced a stockholder meeting on June 29, 2023, to approve the proposed business combination with Longevity Market Assets and Abacus Settlements. Upon closing, the combined company will be named Abacus Life, Inc. and listed on NASDAQ under the ticker symbol ABL.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:10 pm

East Resources Acquisition Company (NASDAQ:ERES) received a notice from NASDAQ for not complying with Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023. The company has since filed the Form 10-Q on May 25, 2023.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:11 pm

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