Willow Lane Acquisition (NASDAQ:WLACU) Trading Down 20.8% – Here’s Why

Willow Lane Acquisition Corp. (NASDAQ:WLACUGet Free Report) shares were down 20.8% during trading on Thursday . The stock traded as low as $14.40 and last traded at $12.5020. Approximately 202 shares traded hands during trading, a decline of 86% from the average daily volume of 1,467 shares. The stock had previously closed at $15.79.

Willow Lane Acquisition Stock Down 20.8%

The firm’s 50 day moving average is $14.40 and its 200-day moving average is $13.10.

About Willow Lane Acquisition

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Willow Lane Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. The company completed its initial public offering in 2021, raising capital through the issuance of units that trade on the Nasdaq under the ticker WLACU.

As a blank check company, Willow Lane Acquisition holds the proceeds of its IPO in a trust account while it seeks out potential targets.

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