Home Financial Markets Hot update pushed Monocle Acquisition Corp. (MNCL) stock upwards

Hot update pushed Monocle Acquisition Corp. (MNCL) stock upwards

Monocle Acquisition Corp. (NASDAQ: MNCL) shares surged 14.4% to 1.43 in the ‎late-night trading Wednesday after the report that AerSale Corp and Monocle ‎Acquisition Corp. (NASDAQ: MNCL), a particular purpose acquisition company, ‎have completed their business combination.Monocle’s stockholders approved the ‎business merger during a special meeting held on December 21, 2020. From ‎December 23, 2020, the newly combined company will trade under the ASLE and ‎ASLEW ticker symbols on Nasdaq Capital Market.‎

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‎‎”We are delighted to mark this new beginning for AerSale. The merger improves our ‎financial situation and presents us with leverage to further focus on our plans to expand our ‎asset purchase program, extend our scope in passenger-to-freighter conversions, and bring ‎our groundbreaking AerAware technology to market. Our decade-long partnership with our ‎key investor Leonard Green & Partners will proceed post-merger, and becoming a public ‎company will also boost our credibility as an industry leader in aviation aftermarket ‎solutions,” said Nicolas Finazzo, Chairman and Chief Executive Officer of AerSale. ‎


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