SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Trading Up 2.6% – Here’s Why
by Mitch Edgeman · The Markets DailySilverBox Engaged Merger Corp I (NASDAQ:SBEA – Get Free Report) was up 2.6% on Wednesday . The company traded as high as $1.21 and last traded at $1.18. 408,636 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,027,737 shares. The stock had previously closed at $1.15.
SilverBox Engaged Merger Corp I Stock Performance
The business’s 50 day moving average price is $1.37 and its 200-day moving average price is $1.06.
SilverBox Engaged Merger Corp I Company Profile
SilverBox Engaged Merger Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker SBEA. As a blank‐check vehicle, it does not currently conduct any operations of its own; instead, it was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The company was sponsored by SilverBox Capital Partners, a private investment firm with a value‐oriented approach, and Engaged Capital, an activist investment manager focused on operational improvement.
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