Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR – Get Free Report)’s share price traded up 6.9% during trading on Monday . The stock traded as high as $0.38 and last traded at $0.3450. 709,783 shares changed hands during trading, an increase of 458% from the average session volume of 127,088 shares. The stock had previously closed at $0.3226.
Axiom Intelligence Acquisition Corp 1 Price Performance
The business has a fifty day moving average price of $0.37.
Axiom Intelligence Acquisition Corp 1 Company Profile
Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank-check company, its primary purpose is to identify, evaluate and complete a merger, capital stock exchange, asset acquisition or similar business combination with an operating company that becomes the combined entity following a successful transaction.
While publicly traded, the company’s principal activities typically include sourcing potential acquisition targets, conducting due diligence, negotiating transaction terms and maintaining the proceeds of its offering in a trust account pending completion of a qualifying business combination.
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