Above Food Eyes $30 Million Profit After Debt Reset

Benzinga_recent_news2025-11-29

Above Food Ingredients Inc. (NASDAQ:ABVE) issued a major corporate update on Friday as it advances restructuring, audit progress and its merger with Palm Global. • ABVE is surging to new heights ...

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(NASDAQ:ABVE) issued a major corporate update on Friday as it advances restructuring, audit progress and its merger with Palm Global.\n     • ABVE is surging to new heights ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/11/49120967/above-food-eyes-30-million-profit-after-debt-reset\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABVE","symbol_name":"Above Food Ingredients Inc","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/25/11/49120967/above-food-eyes-30-million-profit-after-debt-reset","article_id":"2587734312","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/28/The-Farmer-Works-In-The-Field-With-Soybe.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/25/11/49120967/above-food-eyes-30-million-profit-after-debt-reset","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2587734312","pubTimestamp":1764353160,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Above Food expects over $30 million in profit next year after eliminating debt and advancing its Palm Global merger.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ABVE":"Above Food Ingredients Inc","BK4212":"包装食品与肉类"},"translate_title":"债务重置后，Above Food预计利润将达到3000万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABVE":1},"content_text":"Above Food Ingredients Inc. (NASDAQ:ABVE) issued a major corporate update on Friday as it advances restructuring, audit progress and its merger with Palm Global.\n     • ABVE is surging to new heights today. Review the technical setup here.\nThe company recently appointed a new auditor with expertise in digital asset tokenization and stablecoin infrastructure.\nManagement said the audit process is moving forward toward a planned Form 20-F filing by Dec. 12, 2025.\nAbove Food confirmed it has not applied for Nasdaq's optional 180-day extension at this time. Leadership emphasized confidence in completing regulatory filings within the original timeline.\nAlso Read: Comcast CEO Eyes $28 Per Share Bid For Warner Bros. Assets, Outbidding Paramount, Netflix\nManagement said it eliminated all corporate debt during its year-long restructuring initiative. The company now expects profitability for the fiscal year ending Jan. 31, 2026.\nAbove Food forecasts more than $30 million in profits next fiscal year. Leadership said this improvement reflects balance sheet repair and operational streamlining.\nThe company noted fiscal 2025 will show restructuring-driven losses. Executives said these losses create a base for long-term financial stability and scalability.\nAbove Food and Palm Global strengthened operational alignment. Executive teams from both companies recently met in the United Arab Emirates to accelerate technical and strategic integration.\nLeadership teams discussed joint frameworks, advanced technical integration pathways and shared infrastructure development. The company described progress as highly productive and execution-focused.\nLionel Kambeitz, CEO and executive chairman, said: \"Above Food has reached yet another major milestone in its journey.\" He added the restructuring marks a critical turning point.\nKambeitz also cited Palm Global's international scale and Middle East partnerships as key drivers of the combined platform's long-term potential.\nABVE Price Action: Above Food shares are trading higher by 14.26% to $3.01 at publication on Friday.\nRead This Next:\nPhoto: maxim ibragimov via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2587734312","isCrawlerRequest":true}