Indigo Acquisition Corp.’s (NASDAQ:INACU) Lock-Up Period To End on December 29th

Indigo Acquisition’s (NASDAQ:INACU) lock-up period will end on Monday, December 29th. Indigo Acquisition had issued 10,000,000 shares in its public offering on July 1st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Indigo Acquisition Stock Up 0.1%

NASDAQ:INACU opened at $10.14 on Wednesday. Indigo Acquisition has a twelve month low of $10.01 and a twelve month high of $10.40. The stock’s fifty day simple moving average is $10.19.

Hedge Funds Weigh In On Indigo Acquisition

A number of institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP bought a new stake in shares of Indigo Acquisition during the third quarter valued at approximately $192,000. Citadel Advisors LLC purchased a new position in Indigo Acquisition during the 3rd quarter worth $199,000. Schonfeld Strategic Advisors LLC bought a new stake in Indigo Acquisition during the 3rd quarter valued at $202,000. Susquehanna International Group LLP bought a new stake in Indigo Acquisition during the 3rd quarter valued at $215,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Indigo Acquisition in the 3rd quarter worth $253,000.

About Indigo Acquisition

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.