Shares of Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Free Report) rose 8,945.2% during trading on Friday. The stock traded as high as $3.50 and last traded at $1.80. Approximately 3,011 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 40,215 shares. The stock had previously closed at $0.0199.
Digital Health Acquisition Trading Up 8,945.2%
The business’s 50-day moving average is $0.07 and its two-hundred day moving average is $0.15.
Digital Health Acquisition Company Profile
Digital Health Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the digital health, health care technology or related wellness sectors. Unlike an operating health care company, its principal activities before completing a business combination consisted of raising capital, evaluating acquisition opportunities and pursuing a transaction with a target company.
The company announced a proposed business combination with VSee Lab, Inc, a provider of telehealth technology, and iDoc Virtual Telehealth Solutions, Inc, a provider of remote clinical services.
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