Colicity Inc. (OTCMKTS:COLIU – Get Free Report) rose 0% on Wednesday. The stock traded as high as $10.06 and last traded at $10.06. 3,100 shares traded hands during trading, a decline of 79% from the average daily volume of 15,108 shares. The stock had previously closed at $10.0550.
Colicity Stock Performance
The firm’s 50 day simple moving average is $10.06 and its 200-day simple moving average is $10.06.
Colicity Company Profile
Colicity, Inc was a special purpose acquisition company (SPAC) formed to identify and combine with a technology, media or telecommunications business. As a blank-check company, it did not operate a substantial commercial business or offer products and services of its own before completing a business combination.
Colicity announced a merger with Satellogic Inc, a provider of satellite-based Earth observation and geospatial data services. Satellogic develops and operates a constellation of satellites designed to collect high-resolution imagery and provide data intended for applications such as environmental monitoring, agriculture, infrastructure management and government services.
The business combination with Satellogic was completed in 2022, after which Satellogic became the operating public company.
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