Seaport Global Acquisition Corp – Class A (NASDAQ: SGAM) plunged to close at $9.62 Friday after losing $3.18 (24.84%) on volume of 2,343,584 shares. The stock ranged from a high of $11.68 to a low of $9.16 while Seaport Global’s market cap now stands at $138,287,500.
About Seaport Global Acquisition Corp – Class A
Seaport Global Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies emerging from a reorganization or distressed situation.