FIGX Capital Acquisition (NASDAQ:FIGXW) Shares Up 0.4% – Still a Buy?

FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) shares traded up 0.4% during mid-day trading on Friday . The stock traded as high as $0.2411 and last traded at $0.2411. 5,200 shares traded hands during trading, a decline of 67% from the average session volume of 15,863 shares. The stock had previously closed at $0.2401.

FIGX Capital Acquisition Trading Up 0.4%

FIGX Capital Acquisition Company Profile

FIGX Capital Acquisition (NASDAQ: FIGXW) is a special purpose acquisition company (SPAC), often referred to as a blank‑check company, formed to raise capital through the public markets for the purpose of identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. As with many SPACs, FIGX Capital’s publicly traded securities include common equity and warrants (trading under the FIGXW symbol for the warrant units).

Until it completes a business combination, the company’s principal activity is to seek and evaluate potential acquisition targets.