Shares of Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Free Report) traded up 34.5% on Thursday . The company traded as high as $0.2441 and last traded at $0.2246. 39,087,955 shares were traded during mid-day trading, an increase of 97,097% from the average session volume of 40,215 shares. The stock had previously closed at $0.1670.
Digital Health Acquisition Price Performance
The stock’s fifty day moving average is $0.21 and its two-hundred day moving average is $0.37.
Digital Health Acquisition Company Profile
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.
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