Mama's Creations Inc. (MAMA) delivered a pleasant surprise to shareholders Tuesday morning, with shares jumping more than 13% in premarket trading after the company beat expectations on both the top and bottom lines for its third quarter.

The prepared foods company reported earnings of 1 cent per share, which handily beat the analyst consensus estimate calling for a loss of 2 cents per share. That's a 3-cent swing in the right direction. Revenue came in at $47.269 million, crushing the consensus estimate of $43.203 million by nearly 10%. When you beat on both metrics, the market tends to notice.

Mama's Creations shares climbed 13.3% to $12.67 in premarket action.

But the early morning trading session had plenty of other drama worth watching. Here's a rundown of the most significant premarket movers.

The Big Winners

Alphatime Acquisition Corp (ATMC) absolutely exploded higher, gaining 388.8% to $76.26 in premarket trading. The catalyst? Shareholders gave the green light to the company's merger agreement with HCYC Group. These SPAC merger approvals can generate some wild price action.

Exicure Inc. (XCUR) more than doubled, surging 103.4% to $10.84 premarket. The biotech company announced that its completed Phase 2 trial evaluating burixafor in combination with propranolol and granulocyte colony-stimulating factor achieved its primary endpoint. The trial focused on mobilization of hematopoietic progenitor cells in patients with multiple myeloma undergoing autologous hematopoietic cell transplantation. Hitting primary endpoints in clinical trials is exactly what biotech investors want to see.

Netcapital Inc. (NCPL) jumped 88.5% to $11.35 in premarket trading after issuing its FY25 profit outlook. Guidance matters, and apparently this outlook got investors excited.

Paranovus Entertainment Technology Ltd (PAVS) rose 54.8% to $1.02 premarket as the company announced Rich Wheeless as its new CEO. Leadership changes can sometimes spark significant investor enthusiasm, and this appears to be one of those cases.

Autozi Internet Technology (Global) Ltd (AZI) gained 39% to $0.073 in premarket trading, bouncing back after falling 11% on Monday. Sometimes what goes down comes back up, at least for a day.

Alexander & Baldwin Inc. (ALEX) rose 37.1% to $20.76 premarket after agreeing to be taken private in a $2.3 billion transaction. Going-private deals typically come with a premium to the current trading price, which explains the pop.

AlphaVest Acquisition Corp (ATMV) shares jumped 25.8% to $9.86 in premarket trading, recovering some ground after declining 5% on Monday.

Ares Management Corp (ARES) gained 12.6% to $185.00 in premarket action. The alternative asset manager will replace Kellanova in the S&P 500 effective prior to the open of trading on Thursday, December 11. Index inclusion often triggers buying from funds that track the index.

Sezzle Inc. (SEZL) gained 6.5% to $72.11 premarket. The buy-now-pay-later company will replace Vital Energy in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 15.

The Decliners

Top Wealth Group Holding Ltd (TWG) tumbled 49.3% to $11.15 in premarket trading, giving back a huge chunk of Monday's 266% rally. The company had issued its FY25 profit outlook, which sparked Monday's surge, but apparently what goes up fast can come down just as quickly.

Orangekloud Technology Inc. (ORKT) declined 36.1% to $1.49 premarket after jumping 148% on Monday. Another case of profit-taking after a massive single-day gain.

Senmiao Technology Ltd (AIHS) fell 21.1% to $1.09 in premarket trading after gaining 6% on Monday.

Biodexa Pharmaceuticals PLC-ADR (BDRX) dropped 17.2% to $7.29 premarket after jumping 75% on Monday. The pattern here is clear: volatile stocks that surge one day often face selling pressure the next.

Almonty Industries Inc. (ALM) shares dipped 14.2% to $6.78 in premarket trading after announcing the pricing of an upsized $112,500,000 underwritten offering of common shares in the U.S. Dilution concerns tend to weigh on shares when companies announce sizeable equity offerings.

Saverone 2014 Ltd - ADR (SVRE) fell 11.8% to $1.04 premarket after gaining 10% on Monday.

Cemtrex Inc. (CETX) dipped 11.4% to $6.25 in premarket trading after surging 130% on Monday. When a stock more than doubles in a single session, some pullback is almost inevitable.

JX Luxventure Group Inc. (JXG) fell 10.3% to $4.61 premarket after gaining 11% on Monday.

Treasure Global Inc (TGL) dipped 8.5% to $18.10 in premarket trading after dropping 22% on Monday. The company had raised its FY26 revenue target, but the market appears to be in a selling mood regardless.

Toll Brothers Inc. (TOL) fell 3.5% to $131.45 premarket after the homebuilder reported mixed financial results for the fourth quarter of fiscal 2025. Mixed results tend to produce mixed reactions, and in this case, the reaction leaned negative.