ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report)’s stock price fell 6.7% on Monday . The company traded as low as $0.53 and last traded at $0.5410. 62,003 shares traded hands during trading, an increase of 13% from the average daily volume of 55,041 shares. The stock had previously closed at $0.58.
ESGEN Acquisition Stock Down 6.7%
The firm’s fifty day moving average price is $0.76 and its 200-day moving average price is $0.87.
ESGEN Acquisition Company Profile
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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