Bluemount Holdings Limited’s (NASDAQ:BMHL) Lock-Up Period To Expire on January 7th

Bluemount’s (NASDAQ:BMHL) lock-up period will expire on Wednesday, January 7th. Bluemount had issued 1,375,000 shares in its public offering on July 11th. The total size of the offering was $5,500,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Bluemount in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Bluemount Price Performance

Shares of Bluemount stock opened at $3.50 on Wednesday. The firm’s 50-day moving average price is $3.44. Bluemount has a 12 month low of $2.72 and a 12 month high of $4.49.

Hedge Funds Weigh In On Bluemount

A hedge fund recently bought a new stake in Bluemount stock. Citadel Advisors LLC acquired a new position in shares of Bluemount Holdings Limited (NASDAQ:BMHL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned 0.23% of Bluemount at the end of the most recent quarter.

Bluemount Company Profile

Bluemount, Inc is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company and listed on the Nasdaq Stock Market under the ticker symbol BMHL. As a blank check company, Bluemount has no ongoing commercial operations and was formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination.

Following its public listing, Bluemount holds its proceeds in a trust account until it identifies and completes a business combination with one or more target companies.