FIGX Capital Acquisition (NASDAQ:FIGXW) Trading Down 1.2% – Here’s Why

FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) shares dropped 1.2% during trading on Thursday . The company traded as low as $0.24 and last traded at $0.24. Approximately 100 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 18,092 shares. The stock had previously closed at $0.2430.

FIGX Capital Acquisition Stock Performance

FIGX Capital Acquisition Company Profile

FIGX Capital Acquisition (NASDAQ: FIGXW) is a special purpose acquisition company (SPAC), often referred to as a blank‑check company, formed to raise capital through the public markets for the purpose of identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. As with many SPACs, FIGX Capital’s publicly traded securities include common equity and warrants (trading under the FIGXW symbol for the warrant units).

Until it completes a business combination, the company’s principal activity is to seek and evaluate potential acquisition targets.