McLaren Technology Acquisition Corp.’s (NASDAQ:MLAIU) Lock-Up Period Will End on May 2nd

McLaren Technology Acquisition’s (NASDAQ:MLAIUGet Rating) lock-up period is set to expire on Monday, May 2nd. McLaren Technology Acquisition had issued 17,500,000 shares in its initial public offering on November 3rd. The total size of the offering was $175,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Shares of NASDAQ:MLAIU opened at $10.08 on Monday. McLaren Technology Acquisition has a 12-month low of $9.91 and a 12-month high of $10.20. The stock’s fifty day moving average is $10.04.

A number of large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in McLaren Technology Acquisition in the fourth quarter valued at approximately $9,024,000. D. E. Shaw & Co. Inc. acquired a new position in shares of McLaren Technology Acquisition during the 4th quarter valued at $6,036,000. Castle Creek Arbitrage LLC bought a new position in McLaren Technology Acquisition during the fourth quarter worth $5,135,000. Apollo Management Holdings L.P. acquired a new stake in McLaren Technology Acquisition in the fourth quarter worth $5,025,000. Finally, Aristeia Capital LLC bought a new stake in McLaren Technology Acquisition in the fourth quarter valued at $3,518,000.

McLaren Technology Acquisition Company Profile (Get Rating)

McLaren Technology Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on companies within the banking, financial services, and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech.

Featured Articles

Receive News & Ratings for McLaren Technology Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McLaren Technology Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.