04:41 PM EDT, 06/28/2024 (MT Newswires) -- Bite Acquisition ( BITE ) and Above Food said Friday they completed their business combination.

The emerging entity is Above Food Ingredients, and its shares and warrants will start trading on Nasdaq with the tickers ABVE and ABVE.W on Monday, the companies said.

The new company will be led by Above Food Chief Executive Officer Lionel Kambeitz, and the board will have seven directors, the companies said.

On May 1, 2023, the companies entered into a definitive business combination agreement, putting Above Food at a pro forma enterprise value of $319 million.

Bite Acquisition ( BITE ), a blank-check company, rose 8% in recent after-hours trading Friday.

Price: 13.50, Change: +1.00, Percent Change: +8.00