CF Finance Acquisition Corp. III (OTCMKTS:CFACU – Get Free Report) fell 10.4% on Thursday. The company traded as low as $8.88 and last traded at $8.89. 1,300 shares changed hands during trading, a decline of 98% from the average session volume of 56,806 shares. The stock had previously closed at $9.92.
CF Finance Acquisition Corp. III Stock Performance
The business’s 50 day moving average price is $8.89 and its 200 day moving average price is $8.89.
CF Finance Acquisition Corp. III Company Profile
CF Finance Acquisition Corp. III was a special purpose acquisition company, or SPAC, formed to identify and complete a merger, capital stock exchange, asset acquisition, reorganization or similar business combination with one or more operating companies. Like other blank-check companies, it did not conduct significant commercial operations or sell products and services before completing a transaction.
The company was sponsored by an affiliate of Cantor Fitzgerald and sought a business combination opportunity in sectors including technology and other industries with growth potential.
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