Advanced Biomed Shares Surge on Termination of Stock Purchase Agreement

Dow Jones
07/18
 

Shares of Advanced Biomed surged after the company terminated a purchase agreement giving it the right to issue and sell up to $25 million worth of stock to Helena Global Investment Opportunities I.

The stock was up 43% to $7.17 in after-hours trading on Friday. Shares closed up 2.7% at $5.03, down 14% this year.

Advanced Biomed terminated the June 2025 agreement earlier this week, it said in a Friday filing with the Securities and Exchange Commission. It said it had paid all amounts owed to Helena at the time of the termination notice.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

July 17, 2026 18:11 ET (22:11 GMT)

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