Broadscale Acquisition Corp. (OTCMKTS:SCLEU – Get Free Report) was up 0.2% on Wednesday . The company traded as high as $10.06 and last traded at $10.06. Approximately 5,200 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 7,413 shares. The stock had previously closed at $10.04.
Broadscale Acquisition Price Performance
The company’s 50-day moving average is $10.06 and its 200-day moving average is $10.06.
Broadscale Acquisition Company Profile
Broadscale Acquisition (OTCMKTS:SCLEU) is a blank-check company incorporated in Delaware as a special purpose acquisition company (SPAC). It was formed to raise capital through an initial public offering and to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. Broadscale Acquisition operates under the rules and timelines governing SPACs, holding IPO proceeds in trust until a qualifying transaction is completed.
In its IPO, Broadscale Acquisition issued units, each consisting of one share of common stock and one-half of one warrant.
Further Reading
- Five stocks we like better than Broadscale Acquisition
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for Broadscale Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadscale Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
