Inception Growth Acquisition Limited (NASDAQ:IGTA – Get Free Report)’s share price dropped 37.3% during trading on Thursday . The stock traded as low as $4.00 and last traded at $8.00. Approximately 1,100 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 1,667 shares. The stock had previously closed at $12.75.
Inception Growth Acquisition Trading Down 37.3%
The stock’s 50-day simple moving average is $11.55 and its 200-day simple moving average is $10.28.
About Inception Growth Acquisition
Inception Growth Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) sponsored by Inception Capital, a private investment firm based in New York. The company was formed in 2020 with the sole purpose of effecting a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses, and it maintains its capital in a trust account until such a transaction is completed.
Inception Growth Acquisition completed its initial public offering in June 2020, raising approximately $150 million in gross proceeds.
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