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Why Skycorp Solar Stock Is Surging Today After Its $20 Million Nanjing Cesun Deal
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Why Skycorp Solar Stock Is Surging Today After Its $20 Million Nanjing Cesun Deal
Skycorp Solar Group shares jumped 82% to $5.23 in U.S. premarket trading after it agreed to buy the remaining 56% of Nanjing Cesun Power for $20.2 million in stock. The deal follows Skycorp’s recent compliance with Nasdaq’s $1 minimum bid rule after a 1-for-20 reverse split. The company will also raise $3 million in a private share sale at a 30% discount. Skycorp’s share count will nearly double if the deals close. The post Why Skycorp Solar Sto…
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