SVACU’s Lock-Up Period To Expire on March 3rd (NASDAQ:SVACU)

SVACU’s (NASDAQ:SVACU) lock-up period is set to expire on Tuesday, March 3rd. SVACU had issued 20,000,000 shares in its IPO on September 4th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of SVACU’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

SVACU Stock Performance

NASDAQ SVACU opened at $11.46 on Tuesday. The firm’s fifty day moving average is $10.82. SVACU has a fifty-two week low of $10.00 and a fifty-two week high of $13.50.

SVACU Company Profile

Social Ventures Acquisition Corp (NASDAQ:SVACU) is a blank-check acquisition company incorporated under Delaware law in March 2021. The company has no operating history and was formed for the purpose of effecting one or more mergers, stock exchanges, asset acquisitions, share purchases or similar business combinations with private or public businesses.

The company intends to focus on businesses operating in technology-enabled consumer and digital commerce sectors, including e-commerce platforms, digital media and direct-to-consumer services.