LaFayette Acquisition Corp. Unit (NASDAQ:LAFAU – Get Free Report) shares traded up 0.1% during mid-day trading on Monday. The company traded as high as $10.25 and last traded at $10.2060. 4,472 shares changed hands during trading, a decline of 50% from the average session volume of 8,910 shares. The stock had previously closed at $10.20.
LaFayette Acquisition Corp. Unit Stock Performance
The firm has a 50 day moving average price of $10.21 and a 200 day moving average price of $10.16.
About LaFayette Acquisition Corp. Unit
LaFayette Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company does not conduct significant commercial operations of its own and instead holds funds raised through its public offering while it searches for a suitable acquisition target.
LaFayette Acquisition Corp. Unit trades on the Nasdaq Global Market under the symbol LAFAU. Each unit generally represents a combination of the company’s Class A common stock and a fraction of a redeemable warrant, with the warrant providing the right to purchase additional shares under specified terms.
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