ClearThink 1 Acquisition Corp (NASDAQ:CTAAU – Get Free Report) fell 1.1% during mid-day trading on Friday . The company traded as low as $10.10 and last traded at $10.0060. Approximately 654 shares were traded during trading, a decline of 97% from the average daily volume of 19,760 shares. The stock had previously closed at $10.12.
ClearThink 1 Acquisition Trading Down 1.1%
The firm has a fifty day moving average price of $10.09.
About ClearThink 1 Acquisition
ClearThink 1 Acquisition (NASDAQ: CTAAU) is a publicly listed special purpose acquisition company (SPAC) that raised capital through an initial public offering for the primary purpose of effecting a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. As a blank‑check vehicle, its principal business activity is to identify and complete a transaction that will bring a private operating company public through a business combination rather than through a traditional IPO process.
Like most SPACs, ClearThink 1 Acquisition issued units that typically include shares and warrants and holds proceeds from its IPO in a trust account pending the completion of a qualifying business combination.
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