Fintech Acquisition Corp. IV (OTCMKTS:FTIVU – Get Free Report) dropped 0.4% during trading on Thursday. The company traded as low as $13.81 and last traded at $14.14. Approximately 3,200 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 16,657 shares. The stock had previously closed at $14.20.
Fintech Acquisition Corp. IV Price Performance
The stock has a 50 day moving average price of $14.14 and a 200-day moving average price of $14.14.
Fintech Acquisition Corp. IV Company Profile
FinTech Acquisition Corp. IV was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a financial technology or financial services business. Like other SPACs, it did not conduct significant operating activities or sell products and services of its own before completing a transaction.
The company announced an agreement to combine with Perella Weinberg Partners, a global independent advisory and asset management firm. The transaction was completed in 2021, after which Perella Weinberg Partners became a publicly traded company and FinTech Acquisition Corp.
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