Future Money Acquisition (NASDAQ:FMACU) Stock Rating Upgraded by Wall Street Zen

Future Money Acquisition (NASDAQ:FMACU) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Future Money Acquisition Trading Down 0.1%

NASDAQ FMACU opened at $10.00 on Friday. Future Money Acquisition has a twelve month low of $9.98 and a twelve month high of $10.01.

About Future Money Acquisition

Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank?check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.

Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.