Above Food shares surge 10.16% premarket after confirming 2025 audit completion, strong profitability, and advancing merger with Palm Global.

Above Food Ingredients Inc. surged 10.16% in premarket trading following its confirmation that it will release audited fiscal 2025 results by January 2026, ensuring Nasdaq compliance and advancing its merger with Palm Global. The company highlighted strong profitability, a clean balance sheet, and no audit disputes, positioning the merger as a "transformative" catalyst to unlock shareholder value through Palm Global’s digital-asset ecosystem and gold-backed assets. The announcement reinforced confidence in the company’s restructuring success and operational discipline, aligning with its previously stated profit targets. The merger’s proximity to finalization and the absence of regulatory hurdles further bolstered investor sentiment, driving the premarket rally.