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PAIC - PAIC STOCK NEWS

Welcome to our dedicated page for PAIC news (Ticker: PAIC), a resource for investors and traders seeking the latest updates and insights on PAIC stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PAIC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PAIC's position in the market.

Rhea-AI Summary

Revelation Biosciences and Petra Acquisition have announced a merger agreement, aiming for Revelation to become publicly traded. The combined entity will have an expected enterprise value of approximately $128 million and is set to close in Q4 2021 under the ticker symbol REVB. Revelation's lead product, REVTx-99, aims to prevent or treat respiratory infections, bolstered by $73 million in cash proceeds from Petra's trust account. The merger is designed to fund ongoing product development.

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Rhea-AI Summary

Petra Acquisition, Inc. (NASDAQ: PAIC) received notification from Nasdaq on May 28, 2021, regarding non-compliance with Listing Rule 5250(c)(1) due to a delay in filing its Quarterly Report on Form 10-Q for Q1 2021. The Company has until July 26, 2021, to either file the Form 10-Q or submit a compliance plan to regain listing compliance. If a plan is approved, it may receive an extension of up to 180 days. The Company expects to file the report ahead of the deadline to maintain compliance, but no assurances are provided that compliance will be achieved.

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1.87M
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