Big Tree Cloud DSY experienced a dramatic 140% increase in its stock price during pre-market trading following the announcement of a merger with Plutonian Acquisition Corp. Trading on Nasdaq under the new tickers DSY and DSYWW started on June 7, 2024. Plutonian shareholders approved the merger in April, although redemptions reduced the trust by $35.4 million to $172,348. The SPAC secured a private placement of $2.7 million, and both entities are seeking an additional $10 million in financing. The merger values Big Tree Cloud at $500 million. CEO Wenquan Zhu expressed enthusiasm about the opportunities for growth and their Nasdaq debut, with ambitions to enhance personal care globally.
Personal Care Products, Special Purpose Acquisition Company (SPAC),China, United States
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