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Why is Nkgen Biotech Inc (NKGN) Stock down?

We've noticed a 9.46% decline in Nkgen Biotech Inc (NKGN) stock during the 2024-12-16 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
05 Oct, 2023:

NKGen Biotech, Inc. (NKGN) dropped by 28.29% from $4.88 to $3.50 in the trading on Thursday October 5, 2023. The reason why NKGN stock down is due to the Closing of Business Combination. NKGen Biotech, a clinical-stage biotechnology company, recently announced that it has closed its previously announced business combination with Graf Acquisition Corp. IV.

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