Streetbeat News

SAGA

Sagaliam Acquisition Corp

Open

10.88

Mkt cap

587M

Volume

High

10.89

P/E Ratio

-32.97

52-wk high

11.72

Low

10.88

Div yield

N/A

52-wk low

10.22

Sagaliam Acquisition, represented by the ticker SAGA, is set to delist from Nasdaq on March 6. This move will remove SAGA from the public trading platform, affecting its visibility and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:37 pm

Sagaliam Acquisition Corp. has received a delisting notification from Nasdaq. The notice is a standard procedure when a company fails to meet Nasdaq's listing requirements. The specific reasons for the delisting notice were not disclosed in the article. Sagaliam Acquisition Corp. will have the opportunity to appeal the decision or to take corrective actions to regain compliance with Nasdaq's listing rules.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:17 pm

Enzolytics, Inc. has signed a business combination agreement for the sale of its operating subsidiaries, Biogenysis, Inc. and Virogentics Inc., to Sagaliam Acquisition Corp in a deal valued at $450 million. The combined company is expected to trade on NASDAQ. The deal will provide additional funding to Biogenysis and Virogentics, enabling the final development of numerous therapeutics.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:15 pm

Sagaliam Acquisition has confirmed funding and extended the deadline to complete its business combination. The company has deposited $57,380.22 in a trust account for its public stockholders.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:29 pm

Sagaliam Acquisition Corp. (SAGA) has amended its non-binding term sheet for the purchase of Biogenysis, Inc. (BGEN) and Virogentics Inc. (VIRO), subsidiaries of Enzolytics Inc. (ENZC), raising the combined purchase price to $450M. Sagaliam plans to raise additional capital through a PIPE transaction, which will be used to fund clinical trials and drug discovery efforts. New board members have also been announced.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:28 pm

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