Helix Acquisition Corp. II’s (NASDAQ:HLXB) Lock-Up Period Will Expire on August 7th

Helix Acquisition Corp. II’s (NASDAQ:HLXB) lock-up period is set to expire on Wednesday, August 7th. Helix Acquisition Corp. II had issued 16,000,000 shares in its public offering on February 9th. The total size of the offering was $160,000,000 based on an initial share price of $10.00. After the end of Helix Acquisition Corp. II’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Helix Acquisition Corp. II Price Performance

Shares of NASDAQ:HLXB opened at $10.40 on Wednesday. Helix Acquisition Corp. II has a twelve month low of $10.03 and a twelve month high of $10.83. The stock’s 50-day simple moving average is $10.27.

Hedge Funds Weigh In On Helix Acquisition Corp. II

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD purchased a new stake in Helix Acquisition Corp. II in the first quarter valued at approximately $11,703,000. Farallon Capital Management LLC purchased a new position in shares of Helix Acquisition Corp. II during the first quarter worth approximately $6,210,000. Affinity Asset Advisors LLC purchased a new position in shares of Helix Acquisition Corp. II during the first quarter worth approximately $2,588,000. StemPoint Capital LP purchased a new position in shares of Helix Acquisition Corp. II during the first quarter worth approximately $2,080,000. Finally, TD Asset Management Inc purchased a new position in shares of Helix Acquisition Corp. II during the second quarter worth approximately $1,480,000. Institutional investors own 54.89% of the company’s stock.

Helix Acquisition Corp. II Company Profile

Helix Acquisition Corp. II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Boston, Massachusetts. Helix Acquisition Corp. II is a subsidiary of Helix Holdings II LLC.