Gold prices fall as geopolitical tensions ease; U.S. CPI looms
Mizuho (NYSE:MFG) Securities USA LLC, a ten percent owner of Oak Woods Acquisition Corp (NASDAQ:OAKU), sold 61,100 shares of Common Stock on July 17, 2025. The shares were sold at $11.91, totaling $727,701. The transaction occurs as OAKU trades near its 52-week high of $11.75, with InvestingPro analysis indicating the stock is currently in overbought territory. Following the transaction, Mizuho Securities USA LLC directly owns 352,816 shares of Oak Woods Acquisition Corp. With a market capitalization of $58.67 million and a notably high P/E ratio of 437, InvestingPro analysis suggests the stock may be overvalued. Discover more insider trading patterns and 8 additional key insights with an InvestingPro subscription.
In other recent news, Oak Woods Acquisition Corporation has extended the deadline to complete its initial business combination to July 28, 2025. This extension, approved by shareholders, allows for up to six one-month extensions, contingent on a sponsor deposit of $172,500 into the company’s trust account. As of June 28, 2025, the sponsor had made the required deposit for the fourth time. Additionally, Oak Woods received a delinquency notice from Nasdaq for failing to file its quarterly financial report on time, specifically the report for the period ending March 31, 2025. The company has been granted 60 days to submit a compliance plan, with the potential for a 180-day extension if the plan is accepted. Previously, Oak Woods also faced a compliance issue for delaying its Annual Report for the fiscal year ended December 31, 2024. The company is finalizing its financial reports and working with its independent auditors, indicating no disagreements with them. These developments highlight the regulatory challenges Oak Woods is navigating as it works toward completing its business combination.
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