Newborn Acquisition Corp. (OTCMKTS:NBACU – Get Free Report) shares dropped 0.2% on Monday. The stock traded as low as $18.80 and last traded at $18.80. Approximately 400 shares changed hands during trading, a decline of 82% from the average session volume of 2,260 shares. The stock had previously closed at $18.84.
Newborn Acquisition Trading Down 0.2%
The stock’s fifty day simple moving average is $18.80 and its 200-day simple moving average is $18.80.
About Newborn Acquisition
Newborn Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, acquisition, or similar business combination with an operating company. Its securities included publicly traded units under the symbol NBACU.
Newborn Acquisition completed a business combination with Nuvve Corporation in 2021. Nuvve develops vehicle-to-grid technology that enables electric vehicles and their batteries to interact with electric power networks, supporting energy management and the potential use of vehicle batteries for grid services.
Following the transaction, Nuvve became the operating business associated with the combination and began trading as a public company.
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