Innovative International Acquisition Corp.’s Lock-Up Period To Expire on April 25th (NASDAQ:IOACU)

Innovative International Acquisition’s (NASDAQ:IOACUGet Rating) lock-up period will expire on Monday, April 25th. Innovative International Acquisition had issued 20,000,000 shares in its public offering on October 27th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of Innovative International Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Shares of NASDAQ IOACU opened at $10.10 on Monday. Innovative International Acquisition has a fifty-two week low of $10.02 and a fifty-two week high of $10.17. The company’s 50 day simple moving average is $10.07.

Several institutional investors and hedge funds have recently modified their holdings of IOACU. Saba Capital Management L.P. acquired a new position in shares of Innovative International Acquisition in the 4th quarter worth approximately $21,532,000. Taconic Capital Advisors LP acquired a new position in shares of Innovative International Acquisition in the 4th quarter worth approximately $8,680,000. MMCAP International Inc. SPC acquired a new position in shares of Innovative International Acquisition in the 4th quarter worth approximately $8,048,000. Context Capital Management LLC acquired a new position in shares of Innovative International Acquisition in the 4th quarter worth approximately $5,525,000. Finally, Beryl Capital Management LLC bought a new stake in shares of Innovative International Acquisition in the 4th quarter worth approximately $5,030,000.

About Innovative International Acquisition (Get Rating)

Innovative International Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on business combination targets in the following industries, consumer technology, healthcare, information technology services, and enterprise software as a service.

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