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

Dow Jones2023-03-02

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

(END) Dow Jones Newswires

March 01, 2023 15:57 ET (20:57 GMT)

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