Stock Track | HORIZON SPACE ACQUISITION II Corp Plunges 9.96% After-Hours Amid Extreme Volatility Following SPAC Combination and Nasdaq Debut
Stock Track
Jun 17
HORIZON SPACE ACQUISITION II Corp (SLBT) experienced a sharp decline of 9.96% in the after-hours session on Tuesday, continuing a pattern of extreme price volatility for the stock.
The after-hours plunge follows a period of dramatic price swings for SLBT, which recently completed a SPAC business combination and began trading on Nasdaq. The stock had surged 342% in premarket activity on Tuesday after debuting on the exchange, and had more than tripled in value following a 42% decline in the previous session.
This extreme volatility has triggered multiple trading halts during the day, with Nasdaq implementing volatility trading pauses to manage the rapid price movements as investors react to the company's transition to public trading following its SPAC merger.
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