Seaport Global Acquisition Corp. (OTCMKTS:SGAMU – Get Free Report)’s stock price fell 27.9% on Monday . The stock traded as low as $10.45 and last traded at $10.45. 7,500 shares changed hands during trading, a decline of 28% from the average session volume of 10,424 shares. The stock had previously closed at $14.50.
Seaport Global Acquisition Stock Down 27.9%
The company has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $10.45.
About Seaport Global Acquisition
Seaport Global Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect one or more business combinations through the acquisition of or merger with privately held operating companies. As a blank‐check issuer, the company does not conduct operations of its own and seeks to leverage public equity markets to raise capital for its acquisition strategy.
The company completed its initial public offering in mid-2021, offering units that trade under the ticker SGAMU on the OTC Markets.
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