Thrive Acquisition’s (NASDAQ:THACU – Get Rating) lock-up period is set to expire on Tuesday, April 19th. Thrive Acquisition had issued 15,000,000 shares in its public offering on October 21st. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of Thrive Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Shares of NASDAQ THACU opened at $10.15 on Tuesday. Thrive Acquisition has a 1-year low of $9.94 and a 1-year high of $10.20. The business has a 50-day moving average of $10.07.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Walleye Capital LLC acquired a new position in Thrive Acquisition during the fourth quarter worth $963,000. Walleye Trading LLC acquired a new position in Thrive Acquisition during the fourth quarter worth $542,000. Schonfeld Strategic Advisors LLC bought a new stake in Thrive Acquisition during the fourth quarter worth $809,000. Millennium Management LLC bought a new stake in Thrive Acquisition during the fourth quarter worth $2,223,000. Finally, Castle Creek Arbitrage LLC bought a new stake in Thrive Acquisition during the fourth quarter worth $2,022,000.
Thrive Acquisition Corporation is a blank check company that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in healthcare and wellness industry. The company was incorporated in 2021 and is based in Newton, Massachusetts.
- Get a free copy of the StockNews.com research report on Thrive Acquisition (THACU)
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