Seaport Global Acquisition Corp. (OTCMKTS:SGAMU – Get Free Report) shares dropped 27.9% on Friday. The stock traded as low as $10.45 and last traded at $10.45. 7,500 shares were traded during trading, a decline of 28% from the average session volume of 10,424 shares. The stock had previously closed at $14.50.
Seaport Global Acquisition Trading Down 27.9%
The firm has a fifty day moving average of $10.45 and a 200 day moving average of $10.45.
Seaport Global Acquisition Company Profile
Seaport Global Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more private companies. Unlike an operating company, it does not have established commercial products or services of its own.
The company’s activities have primarily consisted of raising capital through a public offering, evaluating potential merger or acquisition targets, and seeking shareholder approval for a proposed transaction. Its search has generally been directed toward businesses that may benefit from the experience and relationships of its sponsor and management team, including companies in financial services, technology, healthcare, energy, and related industries.
Seaport Global Acquisition Corp.
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