CF Finance Acquisition Corp. III (OTCMKTS:CFACU – Get Free Report) was down 10.4% during mid-day trading on Thursday. The company traded as low as $8.88 and last traded at $8.89. 1,300 shares traded hands during trading, a decline of 98% from the average daily volume of 56,806 shares. The stock had previously closed at $9.92.
CF Finance Acquisition Corp. III Stock Performance
The stock has a 50 day simple moving average of $8.89 and a two-hundred day simple moving average of $8.89.
CF Finance Acquisition Corp. III Company Profile
CF Finance Acquisition Corp. III was a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald. Rather than operating a traditional business, the company was formed to raise capital through an initial public offering and identify a private company for a merger, acquisition or similar business combination.
The company completed its business combination with AEye, Inc, a developer of lidar-based perception systems for autonomous driving and advanced driver-assistance applications.
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