FIGX Capital Acquisition Corp. (NASDAQ:FIGXW – Get Free Report) dropped 20.7% during mid-day trading on Monday . The stock traded as low as $0.15 and last traded at $0.2001. Approximately 5,290 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 13,352 shares. The stock had previously closed at $0.2523.
FIGX Capital Acquisition Trading Up 19.0%
The stock has a fifty day simple moving average of $0.27.
About FIGX Capital Acquisition
FIGX Capital Acquisition (NASDAQ: FIGXW) is a special purpose acquisition company (SPAC), often referred to as a blank‑check company, formed to raise capital through the public markets for the purpose of identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. As with many SPACs, FIGX Capital’s publicly traded securities include common equity and warrants (trading under the FIGXW symbol for the warrant units).
Until it completes a business combination, the company’s principal activity is to seek and evaluate potential acquisition targets.
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