Newborn Acquisition Corp. (OTCMKTS:NBACU – Get Free Report) was down 0.2% on Monday. The company traded as low as $18.80 and last traded at $18.80. 400 shares changed hands during trading, a decline of 82% from the average daily volume of 2,260 shares. The stock had previously closed at $18.84.
Newborn Acquisition Trading Down 0.2%
The business has a 50-day moving average of $18.80 and a 200-day moving average of $18.80.
Newborn Acquisition Company Profile
Newborn Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, acquisition, or similar business combination with an operating company. Its securities included publicly traded units under the symbol NBACU.
Newborn Acquisition completed a business combination with Nuvve Corporation in 2021. Nuvve develops vehicle-to-grid technology that enables electric vehicles and their batteries to interact with electric power networks, supporting energy management and the potential use of vehicle batteries for grid services.
Following the transaction, Nuvve became the operating business associated with the combination and began trading as a public company.
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