SilverBox Engaged Merger Corp I (NASDAQ:SBEA – Get Free Report) traded up 3.2% during mid-day trading on Thursday . The company traded as high as $0.6658 and last traded at $0.65. 1,187,631 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 1,027,737 shares. The stock had previously closed at $0.63.
SilverBox Engaged Merger Corp I Price Performance
The company’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $1.25.
About SilverBox Engaged Merger Corp I
SilverBox Engaged Merger Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker SBEA. As a blank‐check vehicle, it does not currently conduct any operations of its own; instead, it was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The company was sponsored by SilverBox Capital Partners, a private investment firm with a value‐oriented approach, and Engaged Capital, an activist investment manager focused on operational improvement.
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