Duddell Street Acquisition (OTCMKTS:DSACU) Shares Down 0.6% – Here’s Why

Duddell Street Acquisition Corp. (OTCMKTS:DSACUGet Free Report)’s share price fell 0.6% on Friday . The company traded as low as $10.04 and last traded at $10.04. 5,063 shares traded hands during trading, a decline of 83% from the average session volume of 29,741 shares. The stock had previously closed at $10.10.

Duddell Street Acquisition Trading Down 0.6%

The business’s 50-day moving average is $10.06 and its two-hundred day moving average is $9.85.

Duddell Street Acquisition Company Profile

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Duddell Street Acquisition Corp (OTCMKTS: DSACU) is a Cayman Islands–incorporated special purpose acquisition company formed in November 2020. As a blank check vehicle, it raises capital through an initial public offering and holds proceeds in a secure trust account until it completes a qualifying business combination. The company’s units, each comprised of one share of common stock and a fraction of a warrant, trade on the OTC market under the ticker DSACU.

The primary objective of Duddell Street Acquisition is to identify and merge with one or more target businesses, with a particular emphasis on high-growth sectors across Asia.

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