Sports Ventures Acquisition Corp. (OTCMKTS:AKICU – Get Free Report)’s stock price was down 0.1% during mid-day trading on Wednesday. The company traded as low as $9.96 and last traded at $10.10. Approximately 200 shares were traded during mid-day trading, a decline of 98% from the average session volume of 9,086 shares. The stock had previously closed at $10.11.
Sports Ventures Acquisition Trading Down 0.1%
The company has a fifty day moving average price of $10.10 and a two-hundred day moving average price of $10.10.
Sports Ventures Acquisition Company Profile
Sports Ventures Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike an operating business, the company does not appear to offer its own products or services.
The company’s stated acquisition focus has been businesses in the sports, media, entertainment and related technology sectors. Its strategy involves raising capital through a public offering and using those proceeds, along with other financing, to pursue a merger, acquisition or similar transaction.
Publicly available information does not provide a detailed description of an operating subsidiary, geographic service footprint or current commercial activities.
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