SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Stock Price Down 0.7% – Here’s Why

Shares of SilverBox Engaged Merger Corp I (NASDAQ:SBEA) traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $0.7737 and last traded at $0.80. 326,695 shares traded hands during trading, a decline of 68% from the average session volume of 1,027,737 shares. The stock had previously closed at $0.8053.

SilverBox Engaged Merger Corp I Trading Down 0.7%

The business’s fifty day moving average is $0.78 and its 200 day moving average is $1.10.

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.