Iron Dome Acquisition I Corp. (NASDAQ:IDACU – Get Free Report)’s stock price shot up 0.3% during mid-day trading on Friday . The company traded as high as $10.14 and last traded at $10.1690. Approximately 1,111 shares traded hands during trading, a decline of 96% from the average session volume of 31,146 shares. The stock had previously closed at $10.14.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Iron Dome Acquisition I to a “hold” rating in a research note on Saturday, May 23rd.
Check Out Our Latest Stock Analysis on IDACU
Iron Dome Acquisition I Price Performance
About Iron Dome Acquisition I
Iron Dome Acquisition I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Like other blank-check companies, it does not operate a traditional commercial business itself and is focused on identifying and completing an initial transaction with a target company.
As a SPAC, Iron Dome Acquisition I’s activities are centered on capital raising, evaluating potential acquisition targets, and negotiating a business combination.
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