Inception Growth Acquisition Limited (NASDAQ:IGTA – Get Free Report) shares were up 21.4% on Thursday . The stock traded as high as $13.10 and last traded at $12.75. Approximately 3,793 shares were traded during trading, an increase of 130% from the average daily volume of 1,650 shares. The stock had previously closed at $10.50.
Inception Growth Acquisition Stock Performance
The stock’s 50-day moving average price is $9.36 and its 200-day moving average price is $10.00.
Inception Growth Acquisition Company Profile
Inception Growth Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) sponsored by Inception Capital, a private investment firm based in New York. The company was formed in 2020 with the sole purpose of effecting a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses, and it maintains its capital in a trust account until such a transaction is completed.
Inception Growth Acquisition completed its initial public offering in June 2020, raising approximately $150 million in gross proceeds.
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