Avalanche Treasury Stock Falls 38% After Nasdaq Debut Following SPAC Merger

TLDR Avalanche Treasury debuted on Nasdaq under ticker AVAT. AVAT closed down 38.1% at $1.85. The listing followed a $675 million SPAC merger. AVAX rose 1.27% to trade at $6.66. The firm plans to acquire over $1 billion in AVAX. Avalanche Treasury Co. dropped sharply on its first day as a public company after completing [...]

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