Digital Health Acquisition (NASDAQ:DHAC) Shares Down 6.1% – Here’s What Happened
by Teresa Graham · The Cerbat GemDigital Health Acquisition Corp. (NASDAQ:DHAC – Get Free Report) shares were down 6.1% during trading on Thursday . The company traded as low as $0.26 and last traded at $0.2675. Approximately 1,427,617 shares changed hands during trading, an increase of 3,450% from the average daily volume of 40,215 shares. The stock had previously closed at $0.2850.
Digital Health Acquisition Trading Down 6.1%
The firm has a fifty day moving average price of $0.37 and a 200-day moving average price of $0.55.
Digital Health Acquisition Company Profile
Digital Health Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more businesses in the digital health, healthcare IT and life sciences technology sectors. Founded in 2021, the company raised capital through an initial public offering on the Nasdaq under the ticker DHAC. As a blank-check vehicle, Digital Health Acquisition seeks to leverage public markets to provide private companies in its target industries with growth capital and scale.
The company does not operate commercial products or services of its own, but rather sponsors a trust fund of cash proceeds that will be used to complete a business combination.