STARCOIN GROUP (00399) saw its shares rise more than 17% during the trading session. At the time of writing, the stock was up 7.69%, trading at HK$0.28, with a turnover of HK$16.658 million. The movement follows an announcement by STARCOIN GROUP that it is exploring a merger transaction with Newbridge, a SPAC company listed on Nasdaq. The board of directors believes that if the potential transaction is completed, it would represent a significant strategic milestone for the group. A merger with a Nasdaq-listed special purpose acquisition company would provide the group access to the U.S. capital market, supporting its business development and value-enhancing fundraising initiatives. The successful completion of the potential transaction would also affirm the group's business model, development strategy, and market potential, thereby unlocking its intrinsic value.