Tiga Acquisition Corp. (NYSE:TINV – Get Free Report) fell 0.1% during mid-day trading on Wednesday . The company traded as low as $15.1053 and last traded at $15.64. 1,432,129 shares were traded during trading, an increase of 1,252% from the average daily volume of 105,946 shares. The stock had previously closed at $15.65.
Tiga Acquisition Trading Down 0.1%
The firm’s 50-day moving average price is $13.57 and its 200 day moving average price is $12.67.
About Tiga Acquisition
Tiga Acquisition Corporation (NYSE: TINV) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.
The company’s management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.
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