Oak Woods stock soars to all-time high of $11.93

In a remarkable display of market confidence, Oak Woods Acquisition Corp. (OAKU) stock has reached an all-time high, touching a price level of $11.93. According to InvestingPro data, technical indicators suggest the stock is in overbought territory, with a notably high P/E ratio of 437x and minimal correlation to broader market movements (Beta: -0.02). This peak represents a significant milestone for the company, underscoring a period of robust performance and investor optimism. Over the past year, Oak Woods has witnessed a commendable 1-year change, with its stock value climbing by 9.45%. With a market capitalization of $59 million, InvestingPro analysis suggests the stock is trading above its Fair Value, making it one to watch on our most overvalued stocks list. Get access to 8 more exclusive ProTips and comprehensive valuation metrics with InvestingPro.

In other recent news, Oak Woods Acquisition Corporation has received a notification from Nasdaq indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This rule requires timely submission of periodic financial reports to the U.S. Securities and Exchange Commission. Despite the notification, Oak Woods’ securities remain listed on the Nasdaq Capital Market, and the company has 60 days to propose a compliance plan. If accepted, the company could have until October 13, 2025, to meet the listing standards. Oak Woods is in the final stages of its audit process and attributes the delay to procedural issues rather than disagreements with auditors. The company is collaborating with its independent registered public accounting firm to finalize the audit and expects to file the necessary documents soon. Additionally, Oak Woods had previously extended its deadline for completing a business combination to September 28, 2025, with the possibility of further extensions. The company has not provided further public comments on the compliance plan or potential outcomes.

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