Above Food stock soars 178% on merger with Palm Global, push into asset tokenization

Above Food Ingredients (NASDAQ:ABVE [https://seekingalpha.com/symbol/ABVE]) shares jumped 178% on Friday as the Canadian de-SPAC agri-tech firm extended its rally following this week’s merger deal [https://abovefood.com/wp-content/uploads/2025/07/PR-Above-Announces-Palm-Definitive-Agreement.pdf]with Palm Global Technologies and its move into real-world asset tokenization and stablecoin issuance.

The merger positions Above Food (NASDAQ:ABVE [https://seekingalpha.com/symbol/ABVE]) to lead in real-world asset tokenization and stablecoin issuance, backed by access to over $1.5 trillion in AA- and AAA-rated sovereign assets through partner Promax United.

The deal provides 'transformative and immediate uplift' in Above Food’s balance sheet through Palm Global’s 30% ownership of PPI and its $350 billion valuation of gold-based assets.

Year-to-date, the stock is up over 540%.

MORE ON ABOVE FOOD INGREDIENTS INC.

* Financial information for Above Food Ingredients Inc. [https://seekingalpha.com/symbol/ABVE/income-statement]