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

Global Lights Acquisition’s (NASDAQ:GLACU) lock-up period will end on Monday, May 13th. Global Lights Acquisition had issued 6,000,000 shares in its 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 Global Lights Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Global Lights Acquisition Price Performance

Global Lights Acquisition stock opened at $10.38 on Friday. The stock’s 50 day moving average is $10.39 and its 200 day moving average is $10.30. Global Lights Acquisition has a one year low of $10.14 and a one year high of $10.50.

Institutional Investors Weigh In On Global Lights Acquisition

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

About Global Lights Acquisition

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.