Inception Growth Acquisition Limited (NASDAQ:IGTA – Get Free Report)’s stock price shot up 3.1% during trading on Tuesday . The stock traded as high as $8.25 and last traded at $8.25. 210 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,169 shares. The stock had previously closed at $8.00.
Inception Growth Acquisition Stock Performance
The company has a 50-day moving average price of $8.42 and a 200-day moving average price of $10.53.
About Inception Growth Acquisition
Inception Growth Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) sponsored by Inception Capital, a private investment firm based in New York. The company was formed in 2020 with the sole purpose of effecting a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses, and it maintains its capital in a trust account until such a transaction is completed.
Inception Growth Acquisition completed its initial public offering in June 2020, raising approximately $150 million in gross proceeds.
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