CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Free Report) was up 3.3% on Wednesday. The stock traded as high as $10.47 and last traded at $8.75. 2,530,600 shares traded hands during mid-day trading, an increase of 630% from the average session volume of 346,450 shares. The stock had previously closed at $8.47.
CIIG Capital Partners II Stock Up 3.3%
The company’s 50 day moving average is $8.75 and its 200-day moving average is $8.75.
CIIG Capital Partners II Company Profile
CIIG Capital Partners II was a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with an operating company. As a blank-check company, it did not have significant operating activities, products, or services of its own before completing its transaction.
CIIG Capital Partners II entered into an agreement to combine with Arrival, an electric-vehicle company developing commercial vans, buses, and related electric mobility technologies.
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