Digital Health Acquisition (NASDAQ:DHAC) Trading Up 6.4% – Here’s What Happened

Digital Health Acquisition Corp. (NASDAQ:DHAC)’s stock price traded up 6.4% on Thursday . The company traded as high as $0.25 and last traded at $0.25. 279,778 shares were traded during trading, an increase of 596% from the average session volume of 40,215 shares. The stock had previously closed at $0.2350.

Digital Health Acquisition Price Performance

The stock’s 50-day moving average price is $0.32 and its 200-day moving average price is $0.51.

Digital Health Acquisition Company Profile

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.