SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Stock Price Down 1% – What’s Next?

SilverBox Engaged Merger Corp I (NASDAQ:SBEA) shares dropped 1% during mid-day trading on Tuesday . The stock traded as low as $0.9625 and last traded at $1.01. Approximately 1,091,516 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 1,027,737 shares. The stock had previously closed at $1.02.

SilverBox Engaged Merger Corp I Stock Performance

The company’s 50-day moving average is $1.23 and its 200 day moving average is $1.43.

SilverBox Engaged Merger Corp I Company Profile

SilverBox Engaged Merger Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker SBEA. As a blank‐check vehicle, it does not currently conduct any operations of its own; instead, it was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

The company was sponsored by SilverBox Capital Partners, a private investment firm with a value‐oriented approach, and Engaged Capital, an activist investment manager focused on operational improvement.