Streetbeat News

NUBI

Nubia Brand International Corp

Employees

3

nubia brand international corp. is a special purpose acquisition company (spac) headquartered in dallas, tx

Open

5.30

Mkt cap

32M

Volume

78K

High

6.20

P/E Ratio

41.18

52-wk high

13.85

Low

4.25

Div yield

N/A

52-wk low

4.25

Nubia Brand International Corp. has declared that it will not accept any requests for redemption reversals related to the closing of its business combination with Honeycomb Battery Company. This decision is in line with the details provided in the definitive proxy statement filed with the SEC on November 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:30 pm

Nubia Brand International Corp. has announced that the conditions for its business combination with Honeycomb Battery Company have not been met. The definitive proxy statement filed with the SEC on November 8, 2023, outlined the conditions which remain unsatisfied. The companies are working to meet these conditions, including Nasdaq's approval for listing the post-combination stock. If the business combination is not completed by March 15, 2024, Nubia may redeem its Class A common stock at the price based on its trust account balance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:11 pm

Nubia Brand International Corp's stockholders have approved a business combination with Honeycomb Battery Company. At the meeting, 70.4% of the shares present voted in favor. Nubia received redemption requests for 99.4% of its public shares before the deadline, with each share entitled to approximately $10.94 from the trust account.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:26 pm

Nxu, Inc. (NASDAQ:NXU) shares surged by 42.1% in pre-market trading after announcing a letter of intent for investment in Lynx Motors. Other stocks showed significant movement in pre-market trading, with XBP Europe Holdings, Inc. (NASDAQ:XBP) and Hanryu Holdings, Inc. (NASDAQ:HRYU) among the top gainers. Conversely, Amtech Systems, Inc. (NASDAQ:ASYS) and Regis Corporation (NYSE:RGS) were among the biggest losers, with RGS facing delisting proceedings from the NYSE. Adobe Inc. (NASDAQ:ADBE) also fell after issuing a weak sales forecast for full-year 2024 despite positive fourth-quarter earnings.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 1:27 pm

Nubia Brand International has announced the postponement of its special meeting of shareholders to December 14, 2023. Additionally, the deadline for the redemption of public shares of Nubia Class A common stock has been extended to December 12, 2023, at 5:00 p.m. Eastern Time.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:23 pm

Nubia Brand International has received a notice from Nasdaq indicating that the company is not in compliance with Nasdaq Listing Rule 5450(A)(2).

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:08 pm

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