Global Lights Acquisition Corp’s (NASDAQ:GLACU) Lock-Up Period To End on May 13th

Global Lights Acquisition’s (NASDAQ:GLACU) lock-up period is set to end on Monday, May 13th. Global Lights Acquisition had issued 6,000,000 shares in its initial public offering on November 14th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Global Lights Acquisition Trading Up 0.3 %

GLACU stock opened at $10.38 on Wednesday. Global Lights Acquisition has a 1-year low of $10.14 and a 1-year high of $10.50. The business’s 50-day moving average price is $10.38 and its two-hundred day moving average price is $10.30.

Institutional Trading of Global Lights Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Schechter Investment Advisors LLC bought a new position in shares of Global Lights Acquisition in the fourth quarter valued at $1,010,000. HGC Investment Management Inc. bought a new position in shares of Global Lights Acquisition in the 4th quarter valued at about $3,075,000. Clear Street LLC acquired a new position in shares of Global Lights Acquisition during the 4th quarter worth about $363,000. Oaktree Capital Management LP bought a new stake in shares of Global Lights Acquisition in the 4th quarter valued at about $2,050,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Global Lights Acquisition in the 4th quarter valued at about $205,000.

Global Lights Acquisition Company Profile

Global Lights Acquisition Corp intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.