Above Food Ingredients Inc. and Palm Global Finalize Merger Agreement, Eye Nasdaq Listing

Reuters
07 Jul
<a href="https://laohu8.com/S/ABVE">Above Food Ingredients Inc</a>. and Palm Global Finalize Merger Agreement, Eye Nasdaq Listing

Above Food Ingredients Inc. has announced the execution of a definitive business combination agreement with Palm Global Technologies Ltd. The merger will see Above Food and Palm Global combine through a statutory plan of arrangement. This strategic move, unanimously approved by the boards of both companies, adds billions of dollars in gold-based assets to Above Food's balance sheet, enhancing its position as a leader in the issuance of stablecoins and asset tokenisation. His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum of the Dubai Royal Family has been appointed to the Board of Directors, further solidifying the combined company's global leadership. The anticipated outcome of the merger includes the trading of the combined company's shares on The Nasdaq Capital Market, pending necessary approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Above Food Ingredients Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 257931) on July 07, 2025, and is solely responsible for the information contained therein.

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