JVSPAC Acquisition Corp.’s Lock-Up Period Will End on July 17th (NASDAQ:JVSAU)

JVSPAC Acquisition’s (NASDAQ:JVSAUGet Free Report) lock-up period is set to end on Wednesday, July 17th. JVSPAC Acquisition had issued 5,000,000 shares in its initial public offering on January 19th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

JVSPAC Acquisition Price Performance

Shares of NASDAQ JVSAU opened at $10.44 on Wednesday. JVSPAC Acquisition has a twelve month low of $10.11 and a twelve month high of $11.68. The stock has a 50 day moving average price of $10.44.

Hedge Funds Weigh In On JVSPAC Acquisition

Hedge funds have recently added to or reduced their stakes in the company. Robinson Capital Management LLC bought a new stake in shares of JVSPAC Acquisition during the 1st quarter valued at $156,000. Graham Capital Wealth Management LLC bought a new position in JVSPAC Acquisition in the 1st quarter worth $257,000. Walleye Trading LLC bought a new position in JVSPAC Acquisition in the 1st quarter worth $389,000. Gabelli Funds LLC bought a new position in JVSPAC Acquisition in the 1st quarter worth $819,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in JVSPAC Acquisition in the 1st quarter worth $849,000.

About JVSPAC Acquisition

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JVSPAC Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire businesses in the lifestyle sector and technology. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.

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