HPX Corp. Shares More Than Double After Hldrs Approve Business Combination

Must Read

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.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Latest News

Do You Think Kelela Is The Queen of Front Row Style? LMK

Kelela traverses the worlds of Brooklyn’s edgiest up-and-coming designers and the runways of Europe’s highest fashion houses with ease....

More Articles Like This