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UPTD (TradeUP Acquisition Corp.) is no longer actively trading.
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UPTD does not currently pay a dividend.
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TradeUP Acquisition Corp. currently possesses no substantial business operations. Its core objective is to identify and complete a strategic business combination with another entity, encompassing options like a merger, a capital stock exchange, an acquisition of assets, a stock purchase, or a reorganization. The company intends to direct its search efforts predominantly towards enterprises within the technology industry. Founded in 2021, the firm maintains its principal office in New York, New York.
Estrella Immunopharma is nearing completion of its New York listing using a SPAC backed by China's UP Fintech. The cancer therapy developer was only founded last year but thinks it can start generating revenue as soon as 2025 using proprietary technology from its founder. Its lack of revenue and unclear future prospects, combined with uncertainties related to its China ties, mean its stock could quickly come under pressure if and when it finally completes its SPAC listing.
NEW YORK , Sept. 18, 2023 /PRNewswire/ -- TradeUP Acquisition Corp. (the "Company" or "TradeUP") (NASDAQ: UPTD) today announced that, in order to extend the date by which the Company must complete its initial business combination from September 19, 2023 to October 19, 2023, for each public share that is not redeemed by the Company's stockholders in connection with such extension (collectively, the "Remaining Shares", each, a "Remaining Share"), the Company has deposited into its trust account (the "Trust Account") an aggregate of $37,432.70 (the "Monthly Extension Fee"), representing $0.05 per Remaining Share of the Company.