Indigo Acquisition Corp. (NASDAQ:INACU – Get Free Report) rose 0.1% on Friday. The company traded as high as $10.46 and last traded at $10.4560. Approximately 2,412 shares changed hands during trading, an increase of 90% from the average daily volume of 1,270 shares. The stock had previously closed at $10.45.
Indigo Acquisition Stock Performance
The business has a 50-day moving average of $10.57 and a two-hundred day moving average of $10.47.
About Indigo Acquisition
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.
As a SPAC, the company does not have significant ongoing commercial operations, products or services of its own. Its principal activity is identifying a suitable target company and completing a transaction that would allow the target to become a publicly traded business.
Publicly available information about Indigo Acquisition Corp.’s specific target industry, geographic focus and leadership is limited.
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