Understanding the Market | LionRock Holdings Soars Over 131% Against the Market, Completing the Acquisition of a Special Purpose Acquisition Company

Lion Rise Holdings surged more than 131% against the market, rising 102.25% to HKD 40.45 as of the time of publication, with a turnover of HKD 1.9442 million. The company announced that the delivery conditions of the business merger agreement have been met and will be completed on the morning of October 30, 2024. After the merger, Merger Sub will merge with the target company to form a new company. The company's English name will be changed from "HK Acquisition Corporation" to "Synagistics Limited", and the Chinese name will be changed to "狮腾控股有限公司". After the delivery, the trading of inherited company shares and warrants will begin at 9:00 am on October 30, 2024 on the Hong Kong Stock Exchange