Dune Acquisition Co.’s Lock-Up Period Set To End on June 16th (OTCMKTS:DUNEU)

Dune Acquisition’s (OTCMKTS:DUNEU) lock-up period will end on Wednesday, June 16th. Dune Acquisition had issued 15,000,000 shares in its public offering on December 18th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

DUNEU opened at $10.11 on Friday. The stock has a fifty day moving average price of $10.07. Dune Acquisition has a twelve month low of $9.76 and a twelve month high of $12.90.

Several large investors have recently modified their holdings of DUNEU. Centiva Capital LP acquired a new stake in shares of Dune Acquisition during the first quarter worth $180,000. DeepCurrents Investment Group LLC acquired a new stake in shares of Dune Acquisition during the fourth quarter worth $182,000. Seelaus Asset Management LLC acquired a new stake in shares of Dune Acquisition during the first quarter worth $193,000. Walleye Trading LLC acquired a new stake in shares of Dune Acquisition during the fourth quarter worth $205,000. Finally, UBS Group AG raised its holdings in shares of Dune Acquisition by 1,935.8% during the first quarter. UBS Group AG now owns 23,778 shares of the company’s stock worth $238,000 after acquiring an additional 22,610 shares during the period.

About Dune Acquisition

Dune Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2020 and is based in West Palm Beach, Florida.

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