FinServ Acquisition Corp. (OTCMKTS:FSRVU – Get Free Report) shot up 7.9% during mid-day trading on Monday. The company traded as high as $17.66 and last traded at $17.66. 100 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 4,378 shares. The stock had previously closed at $16.37.
FinServ Acquisition Trading Up 7.9%
The firm’s fifty day moving average is $17.66 and its 200 day moving average is $17.66.
FinServ Acquisition Company Profile
FinServ Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a business in the financial services industry, including areas such as financial technology, payments, lending and related services. As a blank-check company, it did not conduct significant operating activities or offer consumer products and services of its own before completing a business combination.
The company entered into a business combination agreement with Katapult Holdings, Inc, a technology-driven provider of lease-to-own financing for consumers shopping through e-commerce platforms.
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