Aimei Health Technology (AFJK) Stock Rockets Over 1,000% After Merger Extension: Latest News, Risks and Outlook
Aimei Health Technology (NASDAQ: AFJK) surged 1,006% on December 9, closing at $88.50 after hitting an intraday high of $98.15 on heavy volume. The spike followed news of another extension in its planned merger with United Hydrogen Group. After-hours trading saw the stock drop to the mid-$40s before rebounding near the high-$80s on December 10. AFJK is a SPAC with about 6.1 million shares outstanding.