ACON S2 Acquisition Corp. (OTCMKTS:STWOU – Get Free Report)’s share price rose 8.2% on Thursday. The company traded as high as $8.58 and last traded at $8.48. 6,700 shares were traded during trading, a decline of 57% from the average session volume of 15,569 shares. The stock had previously closed at $7.84.
ACON S2 Acquisition Stock Up 8.2%
The company’s fifty day simple moving average is $8.48 and its 200-day simple moving average is $8.48.
About ACON S2 Acquisition
ACON S2 Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by an affiliate of ACON Investments. The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with an operating company.
Unlike an operating business, ACON S2 Acquisition Corp. does not manufacture products or provide services to customers. Its activities primarily involve evaluating potential acquisition targets, conducting due diligence, and pursuing a suitable business combination.
The company’s investment strategy and leadership are associated with ACON Investments, a private investment firm.
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