Iron Dome Acquisition I Corp. (NASDAQ:IDACU – Get Free Report) shares shot up 0.6% during mid-day trading on Wednesday. The stock traded as high as $10.06 and last traded at $10.12. 381 shares were traded during trading, a decline of 98% from the average daily volume of 21,992 shares. The stock had previously closed at $10.06.
Iron Dome Acquisition I Price Performance
The business has a 50 day moving average of $10.20.
About Iron Dome Acquisition I
Iron Dome Acquisition I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Like other blank-check companies, it does not operate a traditional commercial business itself and is focused on identifying and completing an initial transaction with a target company.
As a SPAC, Iron Dome Acquisition I’s activities are centered on capital raising, evaluating potential acquisition targets, and negotiating a business combination.
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