Willow Lane Acquisition Corp. (NASDAQ:WLACU – Get Free Report) was down 3.4% on Friday . The company traded as low as $14.35 and last traded at $14.40. Approximately 100 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 800 shares. The stock had previously closed at $14.90.
Willow Lane Acquisition Trading Down 3.4%
The company has a 50 day moving average of $13.79 and a 200-day moving average of $12.53.
About Willow Lane Acquisition
Willow Lane Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. The company completed its initial public offering in 2021, raising capital through the issuance of units that trade on the Nasdaq under the ticker WLACU.
As a blank check company, Willow Lane Acquisition holds the proceeds of its IPO in a trust account while it seeks out potential targets.
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