Digital Health Acquisition (NASDAQ:DHAC) Stock Price Down 6.1% – Here’s Why

Digital Health Acquisition Corp. (NASDAQ:DHACGet Free Report) shares fell 6.1% on Thursday . The stock traded as low as $0.26 and last traded at $0.2675. 1,427,617 shares traded hands during mid-day trading, an increase of 3,450% from the average session volume of 40,215 shares. The stock had previously closed at $0.2850.

Digital Health Acquisition Trading Down 6.1%

The business has a 50-day moving average price of $0.37 and a two-hundred day moving average price of $0.55.

About Digital Health Acquisition

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Digital Health Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more businesses in the digital health, healthcare IT and life sciences technology sectors. Founded in 2021, the company raised capital through an initial public offering on the Nasdaq under the ticker DHAC. As a blank-check vehicle, Digital Health Acquisition seeks to leverage public markets to provide private companies in its target industries with growth capital and scale.

The company does not operate commercial products or services of its own, but rather sponsors a trust fund of cash proceeds that will be used to complete a business combination.

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