Shares of A SPAC I Acquisition Corp. (NASDAQ:ASCAU – Get Free Report) dropped 71.9% during mid-day trading on Tuesday . The company traded as low as $2.60 and last traded at $2.96. Approximately 17,300 shares changed hands during mid-day trading, an increase of 748% from the average daily volume of 2,040 shares. The stock had previously closed at $10.55.
A SPAC I Acquisition Stock Down 71.9 %
The stock has a 50 day moving average price of $7.75 and a 200-day moving average price of $9.40.
About A SPAC I Acquisition
A SPAC I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, media, and telecom industries in the United States and Asia.
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