SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Stock Price Up 0.8% – Here’s Why

Shares of SilverBox Engaged Merger Corp I (NASDAQ:SBEAGet Free Report) were up 0.8% on Thursday . The stock traded as high as $0.8547 and last traded at $0.8217. Approximately 904,248 shares changed hands during trading, a decline of 12% from the average session volume of 1,027,737 shares. The stock had previously closed at $0.8155.

SilverBox Engaged Merger Corp I Price Performance

The stock has a fifty day simple moving average of $1.11 and a 200-day simple moving average of $1.05.

SilverBox Engaged Merger Corp I Company Profile

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SilverBox Engaged Merger Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker SBEA. As a blank‐check vehicle, it does not currently conduct any operations of its own; instead, it was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

The company was sponsored by SilverBox Capital Partners, a private investment firm with a value‐oriented approach, and Engaged Capital, an activist investment manager focused on operational improvement.

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