Silver Pegasus Acquisition’s (NASDAQ:SPEGU – Get Free Report) lock-up period is set to end on Monday, January 12th. Silver Pegasus Acquisition had issued 10,000,000 shares in its public offering on July 15th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of Silver Pegasus Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Silver Pegasus Acquisition Stock Performance
Shares of NASDAQ:SPEGU opened at $10.45 on Friday. The firm’s 50 day moving average is $10.35. Silver Pegasus Acquisition has a 12-month low of $10.02 and a 12-month high of $10.75.
Institutional Trading of Silver Pegasus Acquisition
Institutional investors and hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in shares of Silver Pegasus Acquisition during the third quarter valued at about $3,561,000. Magnetar Financial LLC purchased a new stake in Silver Pegasus Acquisition in the 3rd quarter valued at about $3,057,000. Bulldog Investors LLP purchased a new stake in Silver Pegasus Acquisition in the 3rd quarter valued at about $2,434,000. Heights Capital Management Inc. bought a new position in shares of Silver Pegasus Acquisition during the 3rd quarter worth approximately $2,038,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Silver Pegasus Acquisition in the 3rd quarter worth approximately $1,017,000.
Silver Pegasus Acquisition Company Profile
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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