SportsMap Tech Acquisition Corp.’s Lock-Up Period To Expire on April 18th (NASDAQ:SMAPU)

SportsMap Tech Acquisition’s (NASDAQ:SMAPUGet Rating) lock-up period is set to expire on Monday, April 18th. SportsMap Tech Acquisition had issued 10,000,000 shares in its initial public offering 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 SportsMap Tech Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Shares of SportsMap Tech Acquisition stock opened at $10.00 on Friday. SportsMap Tech Acquisition has a 52-week low of $9.99 and a 52-week high of $11.16. The business has a 50 day moving average price of $10.09.

A number of institutional investors have recently modified their holdings of the stock. Yakira Capital Management Inc. purchased a new position in SportsMap Tech Acquisition in the fourth quarter worth approximately $2,022,000. Calamos Advisors LLC purchased a new stake in shares of SportsMap Tech Acquisition during the 4th quarter worth approximately $1,016,000. Cruiser Capital Advisors LLC purchased a new stake in shares of SportsMap Tech Acquisition during the 4th quarter worth approximately $506,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of SportsMap Tech Acquisition during the 4th quarter worth approximately $334,000. Finally, Millennium Management LLC purchased a new stake in shares of SportsMap Tech Acquisition during the 4th quarter worth approximately $305,000.

About SportsMap Tech Acquisition (Get Rating)

SportsMap Tech Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Houston, Texas.

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