By Stephen Nakrosis
Shares of blank check company HPX Corp. were trading higher on the NYSE American following news shareholders approved a business combination with Brazil’s Emergencia Participacoes S.A.
Under the terms of the deal, which was announced in July, Ambipar Emergency Response, a company that will hold the business of Emergencia Participacoes, will likely become publicly listed on the New York Stock Exchange, the companies said at the time.
Emergencia Participacoes provides a range of emergency, environmental and industrial services, it said.
At 3:48 p.m. ET, HPX shares were trading 163% higher at $26.01. Volume at the time topped 1.3 million shares, above the stock’s 65-day average volume of 26,386 shares.
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