Wall Street Zen upgraded shares of ARC Group Securities Acquisition I (NASDAQ:FJDIU – Free Report) to a hold rating in a research note published on Saturday morning.
ARC Group Securities Acquisition I Trading Up 0.1%
Shares of NASDAQ:FJDIU opened at $9.96 on Friday. ARC Group Securities Acquisition I has a 1 year low of $9.95 and a 1 year high of $10.00.
About ARC Group Securities Acquisition I
ARC Group Securities Acquisition I is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.
The company’s publicly traded units are listed on the Nasdaq Capital Market under the symbol FJDIU. Its principal activities are evaluating potential acquisition targets, negotiating transaction terms and seeking shareholder approval for a proposed business combination.
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