Championsgate Acquisition Corp (NASDAQ:CHPGU – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 2 shares, a growth of 100.0% from the June 15th total of 1 shares. Based on an average daily trading volume, of 2 shares, the days-to-cover ratio is presently 1.0 days.
Championsgate Acquisition Price Performance
Shares of CHPGU traded up $0.44 during trading hours on Friday, hitting $10.92. The company has a 50 day simple moving average of $10.50. Championsgate Acquisition has a 1 year low of $10.02 and a 1 year high of $12.10.
Championsgate Acquisition Company Profile
Championsgate Acquisition (NASDAQ:CHPGU) is a special purpose acquisition company (SPAC) formed to raise capital through a public offering of units for the purpose of identifying, acquiring, or merging with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is to seek and complete a business combination that would result in its target company becoming a publicly traded entity through the SPAC structure.
The typical activities of a SPAC like Championsgate Acquisition include conducting an initial public offering of units, holding the proceeds in a trust account while pursuing potential acquisition targets, negotiating and structuring a business combination, and obtaining shareholder approval to complete a transaction.
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