Digital Transformation Opportunities Shares Give Up Gains After Surge

Dow Jones2023-09-21

By Ben Glickman

Shares of Digital Transformation Opportunities traded lower after-hours Wednesday, reversing some of the gains made after the blank-check company completed its merger with American Oncology Network.

The stock was down 22%, to $20.30, after the market close. The shares rose 90% during Wednesday's session and have more than doubled this year.

The combined company will begin trading under the ticker AONC on Sept. 21. Digital Transformation and American Oncology agreed to merge in October 2022.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

September 20, 2023 18:14 ET (22:14 GMT)

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