Forum Merger III Co. (OTCMKTS:FIIIU – Get Free Report)’s stock price was up 2.9% on Thursday. The stock traded as high as $11.40 and last traded at $11.11. 2,400 shares were traded during trading, a decline of 82% from the average session volume of 13,006 shares. The stock had previously closed at $10.80.
Forum Merger III Stock Performance
The business has a 50 day moving average of $11.11 and a 200-day moving average of $11.11.
About Forum Merger III
Forum Merger III Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, acquisition, or similar transaction. Its securities included units traded under the symbol FIIIU, with each unit generally consisting of common stock and associated warrants.
The company did not have significant independent operating activities, products, or services before completing its business combination. Instead, its primary purpose was to raise capital through an initial public offering and use those proceeds to pursue a target company.
In June 2021, Forum Merger III completed a business combination with Electric Last Mile, Inc, an electric commercial vehicle company.
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