01:33 PM EST, 03/06/2024 (MT Newswires) -- Aptorum Group ( APM ) shares soared after the company announced a reverse merger Wednesday with privately held YOOV Group, an AI-enabled software and automation platform.

"This transaction marks a significant milestone for YOOV," said Phil Wong, chief executive officer of YOOV Group, in a joint statement. YOOV shareholders will own more than a majority of shares of the combined company, expected to list on the Nasdaq.

Shares of Aptorum ( APM ) catapulted 565% as intraday trading volume soared to over 69.5 million from a daily average of about 6,400.

Rail Vision ( RVSN ) disclosed Wednesday the first commercial installation of its AI-driven Main Line Systems in a national railways line. The system uses sensors and AI algorithms to find and classify potential threats along railway tracks and provide early warnings to operators.

Shares advanced 73%, with intraday trading volume at over 80.3 million versus a daily average of about 5.7 million.

TRxADE HEALTH ( MEDS ) said Wednesday its board declared a special cash dividend of $8 per share.

The company said a portion of the proceeds from the sale of its web-based market platform assets will fund the distribution.

Shares rose 139% as intraday trading volume rose to more than 7.9 million compared with the stock's daily average of about 235,000.

Price: 11.46, Change: +9.79, Percent Change: +585.93