PropTech Investment Co. II (OTCMKTS:PTICU – Get Free Report) rose 13.6% during trading on Wednesday . The company traded as high as $10.85 and last traded at $10.54. Approximately 2,100 shares traded hands during trading, a decline of 77% from the average daily volume of 9,001 shares. The stock had previously closed at $9.28.
PropTech Investment Co. II Stock Performance
The company’s 50-day simple moving average is $10.54 and its 200 day simple moving average is $10.54.
PropTech Investment Co. II Company Profile
PropTech Investment Co II is a publicly traded special purpose acquisition company (SPAC) formed in 2021 with the objective of identifying and completing business combinations in the property technology (PropTech) sector. The company raised capital through an initial public offering, with its units trading under the ticker symbol PTICU on the OTC Markets.
As a blank-check vehicle, PropTech Investment Co II holds its proceeds in a trust account pending a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses operating in the PropTech space.
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