Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Free Report)’s share price was up 6.4% during mid-day trading on Thursday . The company traded as high as $0.25 and last traded at $0.25. Approximately 279,778 shares changed hands during mid-day trading, an increase of 596% from the average daily volume of 40,215 shares. The stock had previously closed at $0.2350.
Digital Health Acquisition Stock Performance
The firm’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.51.
Digital Health Acquisition Company Profile
Digital Health Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more businesses in the digital health, healthcare IT and life sciences technology sectors. Founded in 2021, the company raised capital through an initial public offering on the Nasdaq under the ticker DHAC. As a blank-check vehicle, Digital Health Acquisition seeks to leverage public markets to provide private companies in its target industries with growth capital and scale.
The company does not operate commercial products or services of its own, but rather sponsors a trust fund of cash proceeds that will be used to complete a business combination.
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