Silver Pegasus Acquisition’s (NASDAQ:SPEGU – Get Free Report) lock-up period is set to end on Monday, January 12th. Silver Pegasus Acquisition had issued 10,000,000 shares in its IPO on July 15th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of Silver Pegasus Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Silver Pegasus Acquisition Stock Performance
NASDAQ SPEGU opened at $10.30 on Monday. Silver Pegasus Acquisition has a one year low of $10.02 and a one year high of $10.75. The firm has a 50 day simple moving average of $10.34.
Institutional Investors Weigh In On Silver Pegasus Acquisition
A number of large investors have recently added to or reduced their stakes in SPEGU. Clear Street Group Inc. acquired a new position in Silver Pegasus Acquisition in the 3rd quarter worth $84,000. Citadel Advisors LLC purchased a new position in Silver Pegasus Acquisition in the third quarter valued at about $144,000. BCK Capital Management LP acquired a new stake in Silver Pegasus Acquisition during the 3rd quarter valued at approximately $526,000. Gabelli Funds LLC acquired a new stake in Silver Pegasus Acquisition during the 3rd quarter valued at approximately $806,000. Finally, Yakira Capital Management Inc. purchased a new stake in Silver Pegasus Acquisition during the 3rd quarter worth approximately $814,000.
About Silver Pegasus Acquisition
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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