FortuneX Acquisition’s (NASDAQ:FXAC – Get Free Report) lock-up period will expire on Wednesday, November 18th. FortuneX Acquisition had issued 7,500,000 shares in its IPO on May 22nd. The total size of the offering was $75,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
FortuneX Acquisition Trading Up 0.1%
Shares of FXAC opened at $10.16 on Friday. FortuneX Acquisition has a 52 week low of $9.97 and a 52 week high of $10.43. The firm has a 50-day moving average of $10.11.
FortuneX Acquisition Company Profile
FortuneX Acquisition Corporation is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. FortuneX Acquisition Corporation is based in New York.
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