ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report)’s stock price dropped 6.5% during trading on Monday . The company traded as low as $0.94 and last traded at $0.9444. Approximately 147,863 shares were traded during mid-day trading, an increase of 169% from the average daily volume of 55,041 shares. The stock had previously closed at $1.01.
ESGEN Acquisition Stock Down 3.9%
The firm has a 50 day moving average price of $1.05 and a 200-day moving average price of $1.29.
ESGEN Acquisition Company Profile
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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