Liberty Media Acquisition Co. (OTCMKTS:LMACU – Get Free Report) was up 0.3% during mid-day trading on Thursday . The company traded as high as $10.08 and last traded at $10.08. Approximately 7,300 shares traded hands during trading, a decline of 90% from the average daily volume of 73,885 shares. The stock had previously closed at $10.05.
Liberty Media Acquisition Stock Performance
The company’s fifty day moving average is $10.08 and its 200-day moving average is $10.08.
About Liberty Media Acquisition
Liberty Media Acquisition Corporation (OTCMKTS: LMACU) is a special purpose acquisition company (SPAC) sponsored by Liberty Media Corporation. Incorporated in Delaware in early 2021, the firm raised capital through an initial public offering to pursue a business combination with one or more operating companies. As a blank check company, LMACU holds the net proceeds in a trust account pending the identification and completion of a qualifying transaction.
LMACU’s mandate is to seek strategic acquisitions primarily in the technology, media, telecommunications and consumer sectors.
Further Reading
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