Progress Acquisition Corp. (OTCMKTS:PGRWU – Get Free Report)’s share price dropped 0.2% during trading on Friday. The stock traded as low as $10.35 and last traded at $10.35. 3,100 shares were traded during trading, a decline of 53% from the average session volume of 6,664 shares. The stock had previously closed at $10.37.
Progress Acquisition Stock Performance
The firm has a 50 day moving average of $10.35 and a 200 day moving average of $10.35.
Progress Acquisition Company Profile
Progress Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its activities have centered on evaluating potential merger, acquisition, or similar transactions rather than providing products or services directly to customers.
The company’s securities traded under the PGRWU symbol represent units, which generally consist of shares of common stock and warrants. As a blank-check company, Progress Acquisition’s principal business objective was to use funds raised in its public offering to pursue a qualifying transaction.
Publicly available information about the company’s operating activities, geographic markets, products, and leadership is limited.
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