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HK Acquisition Corp. ( (HK:2562) ) just unveiled an announcement.
Synagistics Limited, formerly known as HK Acquisition Corporation, has announced the exercise of the Promoter Earn-out Right following a De-SPAC transaction. The Promoter Earn-out Triggering Event occurred when the share price met specified conditions, allowing promoters to subscribe to 10,005,000 shares. These shares will be issued with lock-up restrictions until October 2025, impacting the company’s share distribution and potentially its market position.
More about HK Acquisition Corp.
Average Trading Volume: 4,580,847
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$9.5B
For detailed information about 2562 stock, go to TipRanks’ Stock Analysis page.