Bayview Acquisition shares rise 11.78% premarket after approving deadline extension for business combination.

miércoles, 17 de diciembre de 2025, 4:38 am ET1 min de lectura
BAYA--
Bayview Acquisition Corp surged 11.78% in premarket trading following the announcement that shareholders approved an extension of the deadline to complete its initial business combination. The extraordinary general meeting on December 12, 2025, voted to extend the deadline from December 19, 2025, to June 19, 2026, with shareholders authorizing six one-month extensions. The proposal secured strong support, with 98.92% of shares represented and 727,970 shares redeemed for $8.39 million. The extension provides management additional time to identify a target, reducing near-term pressure and signaling confidence in the merger process. The technical "Strong Buy" sentiment and elevated premarket volume further reinforced investor optimism.

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