TWC Tech Holdings II Corp. (OTCMKTS:TWCTU – Get Free Report) shares traded down 8.5% during mid-day trading on Wednesday. The stock traded as low as $9.61 and last traded at $9.61. Approximately 100 shares were traded during mid-day trading, a decline of 100% from the average session volume of 33,785 shares. The stock had previously closed at $10.50.
TWC Tech Holdings II Stock Down 8.5%
The firm’s 50 day simple moving average is $9.61 and its two-hundred day simple moving average is $9.61.
TWC Tech Holdings II Company Profile
TWC Tech Holdings II Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a technology-focused business. Before completing a transaction, the company did not conduct significant operating activities or offer products and services of its own.
In 2021, TWC Tech Holdings II announced a business combination with Cellebrite DI Ltd., a provider of digital intelligence solutions. Cellebrite’s technology helps law enforcement, government agencies, and enterprises collect, access, manage, and analyze digital data from mobile devices and other sources.
The transaction resulted in Cellebrite becoming a publicly traded company, while TWC Tech Holdings II ceased operating as an independent blank-check company.
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