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Distoken Acquisition Corporation ( (DIST) ) has issued an update.
On May 30, 2025, Distoken Acquisition Corporation held an extraordinary general meeting where shareholders approved several proposals related to a business combination with Youlife International Holdings Inc. The approved proposals include the business combination agreement, a merger plan, amendments to organizational documents, and the election of directors, among others. As a result of the meeting, Distoken expects the business combination to be completed promptly, following the satisfaction or waiver of other conditions. Approximately $7.1 million will be removed from Distoken’s trust account to pay shareholders who exercised their right to redeem shares.
More about Distoken Acquisition Corporation
Average Trading Volume: 5,053
Technical Sentiment Signal: Strong Buy
Current Market Cap: $38.4M
Learn more about DIST stock on TipRanks’ Stock Analysis page.