Digital Health Acquisition (NASDAQ:DHAC) Shares Down 1.5% – Here’s What Happened

Digital Health Acquisition Corp. (NASDAQ:DHACGet Free Report)’s share price traded down 1.5% on Friday . The company traded as low as $0.37 and last traded at $0.3744. 697,993 shares traded hands during trading, an increase of 1,636% from the average session volume of 40,215 shares. The stock had previously closed at $0.38.

Digital Health Acquisition Price Performance

The business has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.82.

About Digital Health Acquisition

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Digital Health Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more businesses in the digital health, healthcare IT and life sciences technology sectors. Founded in 2021, the company raised capital through an initial public offering on the Nasdaq under the ticker DHAC. As a blank-check vehicle, Digital Health Acquisition seeks to leverage public markets to provide private companies in its target industries with growth capital and scale.

The company does not operate commercial products or services of its own, but rather sponsors a trust fund of cash proceeds that will be used to complete a business combination.

Further Reading

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