Fortress Value Acquisition Corp. V (NASDAQ:FVAV – Get Free Report) was up 0.1% during trading on Wednesday . The stock traded as high as $10.14 and last traded at $10.13. Approximately 42,140 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 82,223 shares. The stock had previously closed at $10.12.
Fortress Value Acquisition Corp. V Stock Performance
The business has a 50 day moving average of $10.13.
Fortress Value Acquisition Corp. V Company Profile
Fortress Value Acquisition Corp. V (NASDAQ: FVAV) is a publicly traded special purpose acquisition company (SPAC) sponsored by Fortress Investment Group. As a blank‑check vehicle, the company was formed to raise capital in the public markets and to identify, negotiate and complete one or more business combinations that would result in an operating company becoming publicly listed through a merger, stock purchase, asset acquisition, reorganization or similar transaction.
The firm does not operate a traditional commercial business or sell products; its primary activities are capital raising, target evaluation and transaction execution.
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