Shares of ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report) were up 1.7% on Thursday . The stock traded as high as $0.9744 and last traded at $0.9492. Approximately 14,352 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 55,041 shares. The stock had previously closed at $0.9336.
ESGEN Acquisition Trading Up 1.7%
The firm’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.46.
ESGEN Acquisition Company Profile
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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