Shares of Falcon Capital Acquisition Corp. (OTCMKTS:FCACU – Get Free Report) fell 7% during trading on Thursday. The company traded as low as $9.35 and last traded at $9.55. 7,500 shares were traded during trading, a decline of 89% from the average session volume of 71,200 shares. The stock had previously closed at $10.27.
Falcon Capital Acquisition Trading Down 7.0%
The firm’s 50-day simple moving average is $9.55 and its two-hundred day simple moving average is $9.55.
About Falcon Capital Acquisition
Falcon Capital Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, acquisition, or similar business combination with an operating company. Its publicly traded units were listed under the symbol FCACU.
As a blank-check company, Falcon Capital Acquisition did not operate a conventional business or offer products and services to customers. Its activities primarily involved raising capital through a public offering, placing those funds in trust, and evaluating potential acquisition opportunities.
Publicly available information about the company’s operating history, geographic reach, and leadership is limited.
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