NextGen Acquisition Corp. II (OTCMKTS:NGCAU) Trading Down 5.4% – Here’s What Happened

NextGen Acquisition Corp. II (OTCMKTS:NGCAU) shares traded down 5.4% during trading on Friday . The company traded as low as $9.46 and last traded at $9.46. 2,000 shares were traded during mid-day trading, a decline of 98% from the average session volume of 99,471 shares. The stock had previously closed at $10.00.

NextGen Acquisition Corp. II Stock Performance

The firm has a 50 day simple moving average of $9.46 and a 200-day simple moving average of $9.46.

NextGen Acquisition Corp. II Company Profile

NextGen Acquisition Corp. II is a Delaware‐incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Since its formation in mid‐2020, NextGen Acquisition Corp. II has operated solely to identify and evaluate potential target companies and has not commenced any commercial operations or generated revenues from business activities other than the private placement of its founder shares and its initial public offering.

The company focuses on targeting high‐growth opportunities in the technology, digital infrastructure and financial services sectors.