Above Food shares surge 13.69% premarket after eliminating debt, projecting $30M+ profit, and advancing merger with Palm Global.

Above Food Ingredients Inc. surged 13.69% in premarket trading following announcements of eliminating all corporate debt and projecting over $30 million in profit for the fiscal year ending January 31, 2026. The company also highlighted progress in its merger with Palm Global, including audit advancements and strategic collaboration between executive teams. Management emphasized the restructuring’s success in positioning the firm for profitability and long-term growth, with recent meetings in the UAE accelerating integration efforts. The debt-free status and profitability outlook, coupled with merger-related optimism, drove the sharp premarket rally.