AlphaTime shares surge 496.15% pre-market after approving complex merger with HCYC, making it a wholly-owned subsidiary of PubCo.

AlphaTime surged 496.15% in premarket trading following the announcement of a complex merger plan involving its subsidiaries and HCYC, which will become a wholly-owned subsidiary of PubCo. The approval of this merger signifies a strategic restructuring, likely boosting investor confidence in the company’s future operational integration and potential synergies. While after-hours reports highlighted a 431.47% gain for Alphatime Acquisition Corp (ATMC), the pre-market rally aligns with the merger news, which directly impacts AlphaTime’s corporate structure. The absence of detailed content in the other news events limits their relevance to the pre-market movement.