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Aspire Biopharma Holdings, Inc., Announces Public Listing on Nasdaq

1. PowerUp Acquisition Corp. completes merger with Aspire Biopharma as of February 17, 2025.

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FAQ

Why Bullish?

The successful completion of the merger indicates growth potential and investor confidence, analogous to other SPAC mergers that led to stock price increases post-completion.

How important is it?

The merger enhances PowerUp's growth potential and aligns with market trends favoring biopharma innovations, boosting its relevance in the sector.

Why Short Term?

The immediate market reaction may be favorable, similar to past SPAC success stories that initially boosted share prices post-merger.

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NEW YORK CITY, NY / ACCESS Newswire / February 19, 2025 / Aspire Biopharma, Inc. ("Aspire" or the "Company"), a developer of a multi-faceted patent-protected disruptive drug delivery mechanism technology, and PowerUp Acquisition Corp. (Nasdaq:PWUP), a Nasdaq Global MarketĀ® listed special purpose acquisition company, ("PowerUp"), today announced the completion of their previously announced business combination (the "Business Combination"). The Business Combination was approved by PowerUp Acquisition Corp. stockholders on January 31, 2025, and it closed on February 17, 2025.

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