TLDR

Aimei Health Technology (AFJK) stock surged 1,006% on Tuesday before crashing 44% in after-hours trading on Wednesday
The SPAC extended its merger deadline with Chinese hydrogen company United Hydrogen Group for the 13th time, pushing it from December 2025 to December 2026
The company deposited $34,330.96 into its trust account to fund the extension, split equally between Aimei Health Limited and United Hydrogen Group
The extension payment was made through an unsecured promissory note that can be converted to private company shares post-merger
AFJK stock has gained 724.79% year to date despite the wild volatility

Aimei Health Technology experienced extreme volatility this week as shares rocketed over 1,000% before plummeting. The dramatic price action came as the SPAC pushed back its merger deadline once again.

Aimei Health Technology Co., Ltd, AFJK

The New York-based company saw shares jump 1,006.25% on Tuesday. Trading volume exploded as investors piled into the stock throughout the session.

But the rally didn’t last. By Wednesday’s after-hours trading, shares had crashed 46.89% to $47. The reversal left many traders who bought near the peak nursing heavy losses.

The price movement followed news that Aimei Health extended its planned merger with United Hydrogen Group. This marks the 13th time the company has pushed back the deadline for completing the business combination.

Shareholders approved the latest extension on November 26. The new deadline moves from December 2025 all the way to December 2026. That gives the companies a full year to finalize their deal.

To legally extend the deadline, Aimei Health deposited $34,330.96 into its trust account. The payment works out to $0.033 per outstanding public share.

Funding the Extension

The extension payment came from two sources. Aimei Health Limited, the company’s insider backer, contributed half the amount at $17,165.48. United Hydrogen Group matched that contribution with another $17,165.48.

The companies structured the payment as an unsecured promissory note. This means the loan isn’t backed by any collateral. The note carries no interest charges.

The note holders can convert their investment into private units at $10 each when the merger completes. Each unit includes one ordinary share plus one right to receive one-fifth of an additional ordinary share.

SPAC Trading Frenzy

Aimei Health wasn’t the only blank-check company seeing wild price swings. AlphaTime Acquisition Corp saw its shares spike as much as 358% in early Tuesday trading.

That surge came after AlphaTime shareholders approved a merger with Hong Kong-based insurance brokerage HCYC Holding Company. The pattern of SPAC volatility has attracted day traders looking for quick gains.

The stock currently trades with a market capitalization of $541.77 million. Over the past five days alone, shares have climbed 884.43%.

AFJK’s 52-week range stretches from a low of $6.75 to a high of $98.15. Year to date, the stock has gained 724.79% despite Tuesday’s after-hours pullback.

The SEC filing listed the extension payment details in a Form 8-K current report filed Monday. This represents the 13th monthly extension allowed under the company’s amended articles of association.

The post Aimei Health (AFJK) Stock: Wild 1,000% Surge Followed by Sharp After-Hours Crash appeared first on CoinCentral.

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Filed under: News - @ December 10, 2025 11:22 am