E.Merge Technology Acquisition Corp. (OTCMKTS:ETACU – Get Free Report)’s stock price was down 1.5% on Wednesday . The company traded as low as $10.08 and last traded at $10.08. Approximately 200 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 4,894 shares. The stock had previously closed at $10.23.
E.Merge Technology Acquisition Price Performance
The company’s 50 day moving average is $10.08 and its 200-day moving average is $10.08.
E.Merge Technology Acquisition Company Profile
E.Merge Technology Acquisition Corp. is a special purpose acquisition company (SPAC) organized under Delaware law with the objective of identifying, acquiring and merging with a technology-focused business. As a blank‐check vehicle, it aims to leverage public market capital to complete a business combination within a 24‐month timeframe, subject to shareholder approval.
The company completed its initial public offering in October 2020 and holds the proceeds in a trust account while it evaluates potential targets.
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