7 Acquisition’s (NASDAQ:SVNAU – Get Rating) lock-up period will end on Wednesday, May 4th. 7 Acquisition had issued 20,000,000 shares in its initial public offering on November 5th. The total size of the offering was $200,000,000 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 expiration of the lock-up period.
Shares of NASDAQ SVNAU opened at $10.16 on Wednesday. The business has a 50 day simple moving average of $10.10. 7 Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.16.
Several institutional investors have recently bought and sold shares of SVNAU. BlackRock Inc. purchased a new stake in 7 Acquisition in the 4th quarter worth approximately $22,653,000. Marshall Wace LLP purchased a new stake in shares of 7 Acquisition in the fourth quarter valued at about $8,619,000. Adage Capital Partners GP L.L.C. purchased a new position in 7 Acquisition during the fourth quarter worth about $8,040,000. Taconic Capital Advisors LP purchased a new position in 7 Acquisition during the fourth quarter worth about $7,573,000. Finally, Context Capital Management LLC purchased a new position in shares of 7 Acquisition in the fourth quarter valued at approximately $6,042,000.
7 Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Stamford, Connecticut.
- Get a free copy of the StockNews.com research report on 7 Acquisition (SVNAU)
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