Trailblazer Merger Co. I Unit’s (NASDAQ:TBMCU) Lock-Up Period To End on September 25th

Trailblazer Merger Co. I Unit’s (NASDAQ:TBMCU) lock-up period is set to end on Monday, September 25th. Trailblazer Merger Co. I Unit had issued 6,000,000 shares in its IPO on March 29th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the end of Trailblazer Merger Co. I Unit’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Trailblazer Merger Co. I Unit Stock Performance

NASDAQ:TBMCU opened at $10.19 on Monday. The stock has a 50 day moving average price of $10.19. Trailblazer Merger Co. I Unit has a 52 week low of $10.07 and a 52 week high of $10.19.

Institutional Investors Weigh In On Trailblazer Merger Co. I Unit

A number of large investors have recently added to or reduced their stakes in the stock. ATW Spac Management LLC bought a new stake in Trailblazer Merger Co. I Unit during the first quarter worth approximately $6,054,000. Boothbay Fund Management LLC bought a new stake in Trailblazer Merger Co. I Unit during the first quarter worth approximately $3,396,000. Yakira Capital Management Inc. bought a new stake in Trailblazer Merger Co. I Unit during the first quarter worth approximately $2,818,000. Schechter Investment Advisors LLC bought a new stake in shares of Trailblazer Merger Co. I Unit in the first quarter valued at approximately $2,399,000. Finally, Glazer Capital LLC bought a new stake in shares of Trailblazer Merger Co. I Unit in the first quarter valued at approximately $1,715,000.