IBO Shares Surge 115% on Merger Agreement Amendments
ByAinvest
Thursday, Mar 5, 2026 9:33 am ET1min read
IBO--
Impact BioMedical shares surged 115% in pre-market trading after the company filed an amended merger agreement with Dr Ashleys Limited. The agreement extends the merger's end date to July 1, 2026, and introduces new requirements for board approval and voting commitments. The company will receive 169.56 million PubCo Ordinary Shares, representing 94.20% of the combined company, upon closing.
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