GP-Act III Acquisition Corp. (NASDAQ:GPATW – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $0.09 and traded as high as $0.1695. GP-Act III Acquisition shares last traded at $0.1199, with a volume of 721,468 shares traded.
GP-Act III Acquisition Stock Performance
The firm’s 50 day simple moving average is $0.09 and its 200 day simple moving average is $0.17.
GP-Act III Acquisition Company Profile
GP-Act III Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, or similar business combination with one or more operating companies.
As a blank-check company, GP-Act III Acquisition Corp. does not currently operate a commercial business or offer products and services of its own. Its activities are focused primarily on evaluating potential acquisition targets and pursuing a transaction that would result in a publicly traded operating company.
GPATW represents the company’s publicly traded warrants, which are securities that may provide holders with the right to purchase shares under specified terms.
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