Blockchain Moon Acquisition Corp.’s (NASDAQ:BMAQU) Lock-Up Period To End on April 18th

Blockchain Moon Acquisition’s (NASDAQ:BMAQUGet Rating) lock-up period is set to expire on Monday, April 18th. Blockchain Moon Acquisition had issued 10,000,000 shares in its IPO on October 19th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Shares of BMAQU opened at $10.29 on Wednesday. Blockchain Moon Acquisition has a one year low of $9.90 and a one year high of $11.33. The stock has a fifty day moving average price of $10.24.

A number of institutional investors and hedge funds have recently made changes to their positions in BMAQU. Mint Tower Capital Management B.V. bought a new position in Blockchain Moon Acquisition in the 4th quarter worth $2,105,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Blockchain Moon Acquisition during the 4th quarter worth about $700,000. SkyView Investment Advisors LLC bought a new position in shares of Blockchain Moon Acquisition during the 4th quarter worth about $684,000. Millennium Management LLC bought a new position in shares of Blockchain Moon Acquisition during the 4th quarter worth about $315,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Blockchain Moon Acquisition during the 4th quarter worth about $210,000.

About Blockchain Moon Acquisition (Get Rating)

Blockchain Moon Acquisition Corp. focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and consummate an initial business combination with a company that focuses on blockchain technology.

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