CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Free Report) shot up 3.3% during trading on Wednesday. The company traded as high as $10.47 and last traded at $8.75. Approximately 2,530,600 shares changed hands during mid-day trading, an increase of 630% from the average session volume of 346,450 shares. The stock had previously closed at $8.47.
CIIG Capital Partners II Price Performance
The firm has a 50-day moving average price of $8.75 and a 200-day moving average price of $8.75.
About CIIG Capital Partners II
CIIG Capital Partners II was a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with an operating company. As a blank-check company, it did not have significant operating activities, products, or services of its own before completing its transaction.
CIIG Capital Partners II entered into an agreement to combine with Arrival, an electric-vehicle company developing commercial vans, buses, and related electric mobility technologies.
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