Acies Acquisition’s (OTCMKTS:ACACU) lock-up period is set to expire on Wednesday, April 21st. Acies Acquisition had issued 20,000,000 shares in its initial public offering on October 23rd. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
ACACU stock opened at $10.34 on Wednesday. Acies Acquisition has a 1 year low of $9.88 and a 1 year high of $14.25. The business has a 50-day moving average of $10.65.
A number of institutional investors have recently bought and sold shares of ACACU. HGC Investment Management Inc. bought a new position in shares of Acies Acquisition in the 4th quarter worth approximately $6,814,000. Magnetar Financial LLC purchased a new position in Acies Acquisition during the fourth quarter valued at $6,420,000. UBS Oconnor LLC purchased a new position in Acies Acquisition during the fourth quarter valued at $5,858,000. Sculptor Capital LP purchased a new stake in shares of Acies Acquisition in the 4th quarter worth about $5,360,000. Finally, Jane Street Group LLC purchased a new stake in shares of Acies Acquisition in the 4th quarter worth about $4,288,000.
Acies Acquisition Corp. is a blank check company. The company was incorporated in 2020 and is based in Cayman Islands.
Read More: Hold Rating
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