Shares of Nogin Inc., which provides a commerce-as-a-service technology platform, debuted on the Nasdaq Tuesday and were trading lower around midday.
At 12:21 p.m. ET, shares were trading 61.9% lower at $3.70.
On Monday, special purpose acquisition company Software Acquisition Group Inc. III and Nogin said they completed their previously-announced business combination. Shares of the combined company began trading on the Nasdaq today under the symbol NOGN.