COVA Acquisition Corp. (OTCMKTS:COVAU – Get Free Report)’s share price was down 1.4% during mid-day trading on Friday. The stock traded as low as $10.50 and last traded at $10.50. 4,200 shares were traded during trading, a decline of 73% from the average session volume of 15,482 shares. The stock had previously closed at $10.65.
COVA Acquisition Price Performance
The firm’s fifty day moving average price is $10.50 and its 200 day moving average price is $10.50.
About COVA Acquisition
COVA Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating companies. Its publicly traded units were listed under the symbol COVAU.
As a blank-check company, COVA Acquisition did not operate a conventional business and did not offer its own products or services. Its principal activity was raising capital through an initial public offering and seeking a target company for a potential transaction, subject to shareholder approval and other customary conditions.
The company was organized in the Cayman Islands and focused its search on potential business combination opportunities, including companies in technology, media, telecommunications, and related growth industries.
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