GX Acquisition’s (OTCMKTS:GXGXU) lock-up period is set to expire on Monday, November 18th. GX Acquisition had issued 25,000,000 shares in its public offering on May 21st. The total size of the offering was $250,000,000 based on an initial share price of $10.00. After the end of GX Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Shares of OTCMKTS:GXGXU opened at $10.27 on Friday. The business has a 50-day moving average of $10.20. GX Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $11.09.
Large investors have recently modified their holdings of the stock. Weiss Asset Management LP purchased a new position in shares of GX Acquisition in the 2nd quarter worth about $502,000. Deltec Asset Management LLC bought a new stake in GX Acquisition in the 2nd quarter valued at about $1,005,000. Walleye Trading LLC bought a new stake in GX Acquisition in the 2nd quarter valued at about $1,005,000. Rivernorth Capital Management LLC bought a new stake in GX Acquisition in the 2nd quarter valued at about $2,010,000. Finally, Panagora Asset Management Inc. bought a new stake in GX Acquisition in the 2nd quarter valued at about $2,060,000.
GX Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.
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