Semper Paratus Acquisition Co.’s Lock-Up Period Will Expire on May 3rd (NASDAQ:LGSTU)

Semper Paratus Acquisition’s (NASDAQ:LGSTUGet Rating) lock-up period is set to end on Tuesday, May 3rd. Semper Paratus Acquisition had issued 30,000,000 shares in its public offering on November 4th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the expiration of Semper Paratus Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Semper Paratus Acquisition stock opened at $10.14 on Tuesday. Semper Paratus Acquisition has a 1-year low of $9.99 and a 1-year high of $10.20. The firm has a fifty day simple moving average of $10.09.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGSTU. Union Square Park Capital Management LLC bought a new position in shares of Semper Paratus Acquisition during the fourth quarter valued at about $252,000. Advent Capital Management DE bought a new stake in Semper Paratus Acquisition in the fourth quarter worth about $252,000. Schonfeld Strategic Advisors LLC bought a new stake in Semper Paratus Acquisition in the fourth quarter worth about $252,000. SkyView Investment Advisors LLC bought a new stake in Semper Paratus Acquisition in the fourth quarter worth about $252,000. Finally, Woodline Partners LP bought a new stake in Semper Paratus Acquisition in the fourth quarter worth about $252,000.

Semper Paratus Acquisition Company Profile (Get Rating)

Semper Paratus Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an acquisition opportunity in the transportation, supply chain, and logistics industry.

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