SilverBox Engaged Merger Corp I (NASDAQ:SBEA – Get Free Report)’s stock price dropped 3.4% during mid-day trading on Tuesday . The company traded as low as $1.72 and last traded at $1.72. Approximately 2,334,496 shares were traded during mid-day trading, an increase of 127% from the average daily volume of 1,027,737 shares. The stock had previously closed at $1.78.
SilverBox Engaged Merger Corp I Stock Down 3.4%
The business’s 50 day moving average is $1.07 and its 200-day moving average is $1.05.
About SilverBox Engaged Merger Corp I
SilverBox Engaged Merger Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker SBEA. As a blank‐check vehicle, it does not currently conduct any operations of its own; instead, it was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The company was sponsored by SilverBox Capital Partners, a private investment firm with a value‐oriented approach, and Engaged Capital, an activist investment manager focused on operational improvement.
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