Sizzle Acquisition’s (NASDAQ:SZZLU – Get Rating) lock-up period will end on Tuesday, May 3rd. Sizzle Acquisition had issued 13,500,000 shares in its public offering on November 4th. The total size of the offering was $135,000,000 based on an initial share price of $10.00. After the end of Sizzle Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
NASDAQ:SZZLU opened at $10.09 on Tuesday. The business has a fifty day simple moving average of $10.03. Sizzle Acquisition has a 1-year low of $9.95 and a 1-year high of $10.21.
Hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management acquired a new stake in Sizzle Acquisition during the fourth quarter valued at $156,000. Walleye Trading LLC acquired a new stake in Sizzle Acquisition during the fourth quarter valued at $168,000. Omni Event Management Ltd acquired a new stake in Sizzle Acquisition during the fourth quarter valued at $251,000. Deltec Asset Management LLC acquired a new stake in Sizzle Acquisition during the fourth quarter valued at $254,000. Finally, Dupont Capital Management Corp acquired a new stake in Sizzle Acquisition during the fourth quarter valued at $257,000.
Sizzle Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to identify a target business in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries.
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