Why did ionm stock go up in premarket

Assure Holdings Corp. (IONM) stock is up in premarket trading due to a combination of company-specific news and broader market factors:

1. Asset Sale Agreement: Assure Holdings entered into an agreement to sell certain assets of its intraoperative neuromonitoring (IONM) business to MPOWERHealth for up to $4.5 million. This asset sale is expected to provide Assure with a clear pathway to meet its strategic objective of repurposing its business and closing its merger with Danam Health.
2. Merger Termination: Assure Holdings terminated a merger agreement with Danam Health due to alleged misrepresentations of data from the company. This termination could be seen as a positive development by investors, as it removes a potential risk associated with the merger.
3. Market Conditions: The premarket trading period is characterized by a lack of liquidity and higher volatility. Small changes in supply can lead to significant price movements, which may explain the increase in IONM stock price during this time.

In conclusion, the premarket rise in IONM stock is likely a result of positive company-specific news (asset sale agreement, merger termination) and the unique dynamics of premarket trading.