SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Shares Down 7.2% – What’s Next?

SilverBox Engaged Merger Corp I (NASDAQ:SBEAGet Free Report) fell 7.2% during trading on Wednesday . The stock traded as low as $0.7579 and last traded at $0.7881. 1,123,644 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 1,027,737 shares. The stock had previously closed at $0.8491.

SilverBox Engaged Merger Corp I Stock Performance

The stock has a 50 day moving average of $1.12 and a 200-day moving average of $1.36.

About SilverBox Engaged Merger Corp I

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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.

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