FG Merger Corp.’s (NASDAQ:FGMCU) Lock-Up Period Set To Expire on July 28th

FG Merger’s (NASDAQ:FGMCU) lock-up period will expire on Monday, July 28th. FG Merger had issued 8,000,000 shares in its initial public offering on January 29th. The total size of the offering was $80,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

FG Merger Stock Performance

Shares of NASDAQ FGMCU opened at $10.06 on Monday. The stock’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $9.65. FG Merger has a 52-week low of $9.70 and a 52-week high of $10.25.

Institutional Trading of FG Merger

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealthspring Capital LLC acquired a new stake in FG Merger in the 1st quarter valued at approximately $1,221,000. Polar Asset Management Partners Inc. bought a new stake in shares of FG Merger during the 1st quarter worth $560,000. Heights Capital Management Inc. purchased a new stake in shares of FG Merger in the first quarter valued at $6,518,000. Finally, Warberg Asset Management LLC purchased a new stake in shares of FG Merger in the first quarter valued at $206,000.

FG Merger Company Profile

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America.