CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Free Report) shares rose 3.3% during mid-day trading on Wednesday. The stock traded as high as $10.47 and last traded at $8.75. Approximately 2,530,600 shares were traded during mid-day trading, an increase of 630% from the average session volume of 346,450 shares. The stock had previously closed at $8.47.
CIIG Capital Partners II Stock Up 3.3%
The company’s fifty day moving average is $8.75 and its two-hundred day moving average is $8.75.
CIIG Capital Partners II Company Profile
CIIG Capital Partners II, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar corporate combination.
Unlike an operating company, CIIG Capital Partners II did not have an established portfolio of products or services at the time of its formation. Its activities were primarily focused on raising capital, evaluating potential acquisition targets and pursuing a transaction intended to create a publicly traded operating business.
Publicly available information about the company’s target industries, geographic operations and leadership is limited.
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