One Equity Partners Open Water I (OTCMKTS:OEPWU) Shares Down 0.2% – Here’s Why

Shares of One Equity Partners Open Water I Corp. (OTCMKTS:OEPWU) were down 0.2% during mid-day trading on Tuesday . The company traded as low as $10.04 and last traded at $10.05. Approximately 16,300 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 10,465 shares. The stock had previously closed at $10.07.

One Equity Partners Open Water I Stock Performance

The company’s 50-day simple moving average is $10.05 and its 200 day simple moving average is $10.05.

About One Equity Partners Open Water I

One Equity Partners Open Water I Acquisition Corp., trading under the OTC Markets symbol OEPWU for its publicly traded warrants, is a special purpose acquisition company (SPAC) sponsored by One Equity Partners, the middle-market private equity platform of JPMorgan Chase & Co The SPAC was formed to raise capital through an initial public offering of units—each comprising one share of common stock and a fraction of a warrant—with the express purpose of effecting a merger, stock exchange, asset acquisition or other business combination within a specified timeframe.

As a blank-check vehicle, the company does not conduct traditional commercial operations.