Gesher Acquisition Corp. II (NASDAQ:GSHRW) Trading Down 15.9% – Here’s Why

Gesher Acquisition Corp. II (NASDAQ:GSHRW)’s stock price dropped 15.9% during mid-day trading on Thursday . The company traded as low as $0.2860 and last traded at $0.2860. Approximately 3,400 shares were traded during trading, a decline of 73% from the average daily volume of 12,769 shares. The stock had previously closed at $0.34.

Gesher Acquisition Corp. II Price Performance

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to identify, negotiate and complete a business combination with one or more operating businesses. As a SPAC, its principal business activity is to raise capital through public markets and use those funds to acquire or merge with a private company, providing a pathway for that company to become publicly listed.

The company’s publicly traded securities include warrants listed on the Nasdaq under the symbol GSHRW.