Spacsphere Acquisition (NASDAQ:SSACU – Get Free Report) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.
Spacsphere Acquisition Stock Performance
SSACU traded up $0.01 during trading on Friday, reaching $10.04. The company had a trading volume of 281,030 shares.
Spacsphere Acquisition Company Profile
Spacsphere Acquisition (NASDAQ: SSACU) is a special purpose acquisition company (SPAC) whose units trade on the Nasdaq under the ticker SSACU. As a blank‑check company, its primary purpose is to raise capital through public markets and use those proceeds to identify, acquire, or merge with one or more privately held businesses, thereby bringing a target company public through a business combination or reverse merger.
The company’s main activities center on deal sourcing and transaction execution: evaluating potential acquisition targets, negotiating terms of a business combination, and completing the legal and regulatory steps required to consummate a merger.
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