CF Finance Acquisition Corp. III (OTCMKTS:CFACU – Get Free Report)’s share price dropped 10.4% on Thursday . The stock traded as low as $8.88 and last traded at $8.89. Approximately 1,300 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 56,806 shares. The stock had previously closed at $9.92.
CF Finance Acquisition Corp. III Stock Performance
The company’s 50 day moving average is $8.89 and its two-hundred day moving average is $8.89.
CF Finance Acquisition Corp. III Company Profile
CF Finance Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank-check vehicle, the company has no operations of its own and was established to identify and merge with a target that can benefit from its capital pool and public listing.
The SPAC is sponsored by affiliates of Cantor Fitzgerald and leverages their experience in investment banking, capital markets and advisory services.
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