Shares of Revolution Acceleration Acquisition Corp (OTCMKTS:RAACU – Get Free Report) rose 5.5% during mid-day trading on Friday. The stock traded as high as $9.99 and last traded at $9.91. Approximately 1,300 shares changed hands during trading, a decline of 99% from the average session volume of 102,092 shares. The stock had previously closed at $9.39.
Revolution Acceleration Acquisition Stock Up 5.5%
The business’s fifty day moving average is $9.91 and its 200 day moving average is $9.91.
Revolution Acceleration Acquisition Company Profile
Revolution Acceleration Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business. Unlike a traditional operating company, it did not manufacture products or provide ongoing commercial services of its own.
The company’s stated objective was to pursue a business combination with a technology-enabled company or another enterprise positioned for growth and disruption in established industries. Its activities primarily involved raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a transaction.
Revolution Acceleration Acquisition Corp.
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