Shares of One Equity Partners Open Water I Corp. (OTCMKTS:OEPWU – Get Free Report) were down 0.2% during trading on Friday . The company traded as low as $10.04 and last traded at $10.05. Approximately 16,300 shares changed hands during trading, an increase of 56% from the average daily volume of 10,465 shares. The stock had previously closed at $10.07.
One Equity Partners Open Water I Trading Down 0.2%
The firm’s 50-day simple moving average is $10.05 and its two-hundred day simple moving average is $10.05.
One Equity Partners Open Water I Company Profile
One Equity Partners Open Water I Acquisition Corp., trading under the OTC Markets symbol OEPWU for its publicly traded warrants, is a special purpose acquisition company (SPAC) sponsored by One Equity Partners, the middle-market private equity platform of JPMorgan Chase & Co The SPAC was formed to raise capital through an initial public offering of units—each comprising one share of common stock and a fraction of a warrant—with the express purpose of effecting a merger, stock exchange, asset acquisition or other business combination within a specified timeframe.
As a blank-check vehicle, the company does not conduct traditional commercial operations.
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