Columbus Circle Capital Corp II (NASDAQ:CMIIU – Get Free Report) was up 3.7% on Friday . The stock traded as high as $10.60 and last traded at $10.5690. Approximately 2,805 shares were traded during trading, a decline of 87% from the average daily volume of 22,179 shares. The stock had previously closed at $10.19.
Columbus Circle Capital Corp II Price Performance
The business has a 50 day moving average of $10.08.
Columbus Circle Capital Corp II Company Profile
Columbus Circle Capital Corp II (NASDAQ: CMIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank‑check company. Like other SPACs, it was formed to raise capital from public investors through an offering and to use those proceeds to identify and complete a business combination with one or more operating companies. The vehicle provides investors with an opportunity to participate in a transaction that takes a private company public through a merger or other business combination rather than a traditional IPO process.
The company’s primary business activity is sourcing, evaluating and executing a qualifying business combination.
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