NextGen Acquisition Corp. II (OTCMKTS:NGCAU – Get Free Report)’s stock price traded down 5.4% during mid-day trading on Friday. The company traded as low as $9.46 and last traded at $9.46. Approximately 2,000 shares traded hands during trading, a decline of 98% from the average session volume of 99,471 shares. The stock had previously closed at $10.00.
NextGen Acquisition Corp. II Trading Down 5.4%
The firm has a 50-day moving average of $9.46 and a 200 day moving average of $9.46.
About NextGen Acquisition Corp. II
NextGen Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not manufacture products or provide services to customers as part of an established commercial operation.
The company was formed to raise capital through a public offering and place those proceeds into a trust account while its management evaluated potential merger, acquisition, or similar transactions.
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