425: Above Food Corp. to Present at LD Micro Invitational XIV

Above Food Corp. will present at the 14th Annual LD Micro Invitational on April 8th-9th, 2024, and expects to list on the NYSE under the ticker ABVE in the first half of 2024 upon closing its business combination with Bite Acquisition Corp.

Summary

• Above Food Corp. will be presenting at the 14th Annual LD Micro Invitational in New York on April 8th-9th, 2024.
• Martin Williams, Co-Founder and President, will lead the presentation on April 9th at 16:30 ET.
• Above Food Corp. entered into a business combination agreement with Bite Acquisition Corp. on April 29, 2023.
• The business combination is expected to close in the first half of 2024.
• Upon closing, Above Food expects to list on the New York Stock Exchange under the ticker symbol ABVE.

Sentiment

Score: 7

Explanation: The announcement is generally positive, highlighting the company's participation in an investor conference and its progress towards a public listing. However, the sentiment is tempered by the inherent risks associated with business combinations and market conditions.

Positives

• The presentation at the LD Micro Invitational provides an opportunity for Above Food Corp. to increase its visibility to investors.
• The expected listing on the NYSE could improve the company's access to capital and enhance its brand recognition.

Risks

• The business combination with Bite Acquisition Corp. is subject to shareholder approval and other conditions, and may not be completed.
• The listing on the NYSE is dependent on the successful completion of the business combination.

Future Outlook

Above Food expects to list on the New York Stock Exchange under the new ticker symbol ABVE in the first half of 2024, pending the closing of its business combination with Bite Acquisition Corp.

Management Comments

• Martin Williams, Co-Founder, President, will be leading the presentation.

Industry Context

This announcement reflects a trend of food companies seeking to access public markets through business combinations with SPACs. The LD Micro Invitational is a venue for micro-cap companies to connect with investors.

Stakeholder Impact

• Shareholders of Bite Acquisition Corp. will vote on the proposed business combination.
• Successful completion of the business combination and listing on the NYSE could benefit Above Food Corp.'s shareholders through increased valuation and liquidity.

Next Steps

• Above Food Corp. will present at the LD Micro Invitational on April 9th, 2024.
• The company will seek to complete its business combination with Bite Acquisition Corp. in the first half of 2024.
• Above Food expects to list on the NYSE under the ticker symbol ABVE upon closing of the business combination.

Key Dates