TWC Tech Holdings II (OTCMKTS:TWCTU) Shares Down 8.5% – Here’s What Happened

TWC Tech Holdings II Corp. (OTCMKTS:TWCTU) shares dropped 8.5% during mid-day trading on Wednesday . The company traded as low as $9.61 and last traded at $9.61. Approximately 100 shares were traded during trading, a decline of 100% from the average daily volume of 33,785 shares. The stock had previously closed at $10.50.

TWC Tech Holdings II Trading Down 8.5%

The business’s fifty day moving average price is $9.61 and its 200-day moving average price is $9.61.

About TWC Tech Holdings II

TWC Tech Holdings II Inc is a Delaware‐incorporated special purpose acquisition company (SPAC) whose shares trade on the OTC Markets under the ticker TWCTU. The company was formed to raise capital through an initial public offering and to identify, acquire and merge with one or more businesses in the technology sector. Until a business combination is completed, TWC Tech Holdings II does not have any ongoing operations or revenues of its own.

The SPAC is sponsored by Third Whale Capital Partners, a private investment firm focused on growth‐stage technology investments.