Shares of Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR – Get Free Report) shot up 0.8% during trading on Tuesday . The company traded as high as $0.38 and last traded at $0.3730. 10,134 shares were traded during trading, a decline of 91% from the average daily volume of 109,793 shares. The stock had previously closed at $0.37.
Axiom Intelligence Acquisition Corp 1 Trading Down 2.2%
The firm’s 50-day simple moving average is $0.36 and its two-hundred day simple moving average is $0.27.
Axiom Intelligence Acquisition Corp 1 Company Profile
Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank-check company, its primary purpose is to identify, evaluate and complete a merger, capital stock exchange, asset acquisition or similar business combination with an operating company that becomes the combined entity following a successful transaction.
While publicly traded, the company’s principal activities typically include sourcing potential acquisition targets, conducting due diligence, negotiating transaction terms and maintaining the proceeds of its offering in a trust account pending completion of a qualifying business combination.
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