CF Finance Acquisition Corp. III (OTCMKTS:CFACU) Stock Falls 10.4% – Here’s What Happened

CF Finance Acquisition Corp. III (OTCMKTS:CFACU – Get Free Report)’s stock price dropped 10.4% on Thursday. The stock 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 daily volume of 56,806 shares. The stock had previously closed at $9.92.

CF Finance Acquisition Corp. III Price Performance

The stock’s 50 day moving average price is $8.89 and its 200-day moving average price is $8.89.

About CF Finance Acquisition Corp. III

(Get Free Report)

CF Finance Acquisition Corp. III was a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald. Rather than operating a traditional business, the company was formed to raise capital through an initial public offering and identify a private company for a merger, acquisition or similar business combination.

The company completed its business combination with AEye, Inc, a developer of lidar-based perception systems for autonomous driving and advanced driver-assistance applications.

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