BUZZ-SPAC ATMC soars after shareholder approval of HCYC merger
Reuters
Dec 09
BUZZ-SPAC ATMC soars after shareholder approval of HCYC merger
** Shares of special purpose acquisition company AlphaTime Acquisition Corp ATMC.O rise 604% to $109 in premarket trading
** ATMC shareholders approve merger with intermediary insurance brokerage company HCYC holdings Co
** SPACs are publicly listed shell companies that raise funds with the intention of merging with a private company within two years of floating its shares
** HCYC conducts its insurance brokerage operations through its subsidiary, HCYC Wealth Management $(ASIA)$
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com))
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