Natural Order Acquisition’s (OTCMKTS:NOACU) lock-up period is set to expire on Monday, May 10th. Natural Order Acquisition had issued 20,000,000 shares in its IPO on November 11th. The total size of the offering was $200,000,000 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 expiration of the lock-up period.
Shares of Natural Order Acquisition stock opened at $10.91 on Wednesday. Natural Order Acquisition has a 52 week low of $10.02 and a 52 week high of $14.00. The firm has a 50-day simple moving average of $10.99.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kepos Capital LP purchased a new stake in Natural Order Acquisition during the 4th quarter valued at approximately $12,892,000. Periscope Capital Inc. purchased a new position in Natural Order Acquisition during the fourth quarter valued at $12,053,000. RP Investment Advisors LP bought a new stake in Natural Order Acquisition in the 4th quarter valued at $11,890,000. HITE Hedge Asset Management LLC purchased a new stake in Natural Order Acquisition in the 4th quarter worth $9,635,000. Finally, Magnetar Financial LLC bought a new position in shares of Natural Order Acquisition during the 4th quarter valued at about $5,425,000.
Natural Order Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Weston, Massachusetts.
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