Shares of TWC Tech Holdings II Corp. (OTCMKTS:TWCTU – Get Free Report) were down 8.5% during trading on Wednesday. The stock traded as low as $9.61 and last traded at $9.61. Approximately 100 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 33,785 shares. The stock had previously closed at $10.50.
TWC Tech Holdings II Price Performance
The business has a 50-day simple moving average of $9.61 and a 200-day simple moving average of $9.61.
About TWC Tech Holdings II
TWC Tech Holdings II is a special purpose acquisition company (SPAC) organized to identify and acquire, or combine with, one or more businesses. The company does not appear to operate a conventional commercial business or offer products and services directly to customers.
Its stated focus is on pursuing a business combination with a company in the technology sector or another related industry. Any completed transaction could involve a merger, share exchange, asset acquisition, or similar corporate combination, subject to shareholder approval and other customary conditions.
TWC Tech Holdings II was formed as a blank-check company, and its securities have included units trading under the symbol TWCTU.
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