Provident Acquisition Corp. Down 16%; Touches 52-Week Low Friday

Dow Jones

2022/10/22

By Josh Beckerman

Provident Acquisition Corp. shares, which were never below $9.91 in September and most of October, according to FactSet, are down 16% at $7.81 Friday following an 8% decline Thursday.

Stockholders will vote Tuesday on the blank-check company's combination with Perfect Corp., which provides augmented reality and artificial intelligence software for the beauty and fashion industries.

The intraday low of $7.54 also marks a 52-week low.

Provident didn't appear to issue any securities filings or press releases Friday.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 21, 2022 15:36 ET (19:36 GMT)

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