NextGen Acquisition Corp. II (OTCMKTS:NGCAU – Get Free Report) traded down 5.4% on Friday. The stock traded as low as $9.46 and last traded at $9.46. 2,000 shares traded hands during trading, a decline of 98% from the average daily volume of 99,471 shares. The stock had previously closed at $10.00.
NextGen Acquisition Corp. II Price Performance
The business’s 50-day moving average is $9.46 and its two-hundred day moving average is $9.46.
NextGen Acquisition Corp. II Company Profile
NextGen Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not manufacture products or provide services to customers as part of an established commercial operation.
The company was formed to raise capital through a public offering and place those proceeds into a trust account while its management evaluated potential merger, acquisition, or similar transactions.
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