ESGEN Acquisition’s (NASDAQ:ESACU – Get Rating) lock-up period is set to expire on Monday, April 18th. ESGEN Acquisition had issued 24,000,000 shares in its public offering on October 20th. The total size of the offering was $240,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Shares of NASDAQ:ESACU opened at $10.12 on Wednesday. ESGEN Acquisition has a 1-year low of $9.98 and a 1-year high of $10.38. The firm’s fifty day moving average is $10.07.
Large investors have recently modified their holdings of the company. Wealthspring Capital LLC bought a new position in shares of ESGEN Acquisition during the fourth quarter valued at $117,000. Walleye Trading LLC bought a new stake in ESGEN Acquisition in the 4th quarter worth about $183,000. Walleye Capital LLC bought a new stake in ESGEN Acquisition in the 4th quarter worth about $327,000. Cubist Systematic Strategies LLC bought a new stake in ESGEN Acquisition in the 4th quarter worth about $337,000. Finally, Sage Mountain Advisors LLC bought a new stake in ESGEN Acquisition in the 4th quarter worth about $412,000.
ESGEN Acquisition Corporation a blank check company that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in the energy and infrastructure sectors. The company was incorporated in 2021 and is based in Dallas, Texas.
- Get a free copy of the StockNews.com research report on ESGEN Acquisition (ESACU)
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