Tiga Acquisition Corp. (NYSE:TINV – Get Free Report) traded up 0.6% during mid-day trading on Thursday . The stock traded as high as $15.8850 and last traded at $15.79. Approximately 1,097,044 shares were traded during mid-day trading, an increase of 935% from the average session volume of 105,946 shares. The stock had previously closed at $15.69.
Tiga Acquisition Trading Up 0.6%
The company’s fifty day moving average is $15.59 and its 200-day moving average is $13.47.
About Tiga Acquisition
Tiga Acquisition Corporation (NYSE: TINV) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.
The company’s management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.
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