Forum Merger III (OTCMKTS:FIIIU) Trading Up 2.9% – Still a Buy?

by · The Cerbat Gem

Forum Merger III Co. (OTCMKTS:FIIIU – Get Free Report) was up 2.9% during trading on Friday . The company traded as high as $11.40 and last traded at $11.11. Approximately 2,400 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 13,006 shares. The stock had previously closed at $10.80.

Forum Merger III Stock Up 2.9%

The business has a fifty day moving average of $11.11 and a 200 day moving average of $11.11.

About Forum Merger III

(Get Free Report)

Forum Merger III Corp is a special purpose acquisition company (SPAC) incorporated in Delaware and trading on the OTC Markets under the symbol FIIIU. As a blank-check vehicle, its principal activity is raising capital through the sale of units in an initial public offering and seeking to complete a business combination with one or more operating businesses.

Upon closing its public offering, the company’s net proceeds were placed in a trust account to be used for an acquisition, subject to shareholder approval and the timeframe specified in its charter.

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