Concorde shares surge 37.78% premarket on $600M merger with YOOV Group at $3.00 premium.

Concorde International Group Ltd. (NASDAQ: CIGL) surged 37.78% in premarket trading following the announcement of a $600 million merger with YOOV Group Holding Limited, an AI-as-a-Service (AIaaS) platform. The deal, structured through a stock swap at a $3.00 per share premium (above CIGL’s $2.70 closing price), combines CIGL’s security services expertise with YOOV’s AI-driven automation and data analytics capabilities to create an integrated AI-powered security and business automation ecosystem. The merger, valued at $600 million on a fully diluted basis, aims to capitalize on digital transformation trends in the Asia-Pacific region and positions the combined entity to expand market reach and operational efficiency. The transaction’s strategic alignment with Singapore’s economic priorities and the anticipated creation of a next-generation security platform were cited as key growth drivers, fueling the sharp premarket increase.