Willow Lane Acquisition Corp. (NASDAQ:WLACU – Get Free Report) fell 20.8% on Thursday . The stock traded as low as $14.40 and last traded at $12.5020. 202 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,467 shares. The stock had previously closed at $15.79.
Willow Lane Acquisition Trading Down 20.8%
The stock’s 50-day moving average is $14.43 and its 200-day moving average is $13.08.
Willow Lane Acquisition Company Profile
Willow Lane Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. The company completed its initial public offering in 2021, raising capital through the issuance of units that trade on the Nasdaq under the ticker WLACU.
As a blank check company, Willow Lane Acquisition holds the proceeds of its IPO in a trust account while it seeks out potential targets.
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