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Why is Nkgen Biotech Inc (NKGN) Stock down?

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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