CN Energy shares surge 12.18% premarket after announcing framework agreement to acquire 82% of Blessing Logistics for $2 million in stock.

CN Energy Group Inc. surged 12.18% in premarket trading following the announcement of a framework agreement to acquire 82% of Blessing Logistics Ltd. for $2 million in stock. The proposed acquisition, a strategic move to expand into North American energy trading, aligns with the company’s stated goals to leverage Blessing Logistics’ licensing and infrastructure for upstream investments. While the transaction remains subject to due diligence and regulatory approvals, the news directly correlates with the sharp premarket rally, signaling investor optimism about potential market expansion and operational diversification. Other recent news, including Nasdaq compliance issues and robotics developments, were dated or unrelated to the immediate price movement.