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Benzinga
Benzinga
Business
Mohd Haider

Aebi Schmidt Makes Nasdaq Debut After Shyft Merger, Stock Surges 47% In After-Hours Trading

Nasdaq Shyft Group
Stock,Market,Or,Forex,Trading,Graph,In,Futuristic,Concept,Suitable

Aebi Schmidt Holding AG (NASDAQ:AEBI), the Swiss manufacturer of agricultural machinery, has commenced regular trading on the Nasdaq, following its merger with the U.S.-based Shyft Group (NASDAQ:SHYF).

What Happened: The stock of Aebi Schmidt dropped 86.57% to $11.18 on Wednesday during the regular session, after the company started trading on the Nasdaq. The stock closed at $16.41 in after-hours trading, marking a 46.78% increase.

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