TLNCU’s Lock-Up Period Will Expire on March 9th (NASDAQ:TLNCU)

TLNCU’s (NASDAQ:TLNCU) lock-up period is set to end on Monday, March 9th. TLNCU had issued 22,500,000 shares in its IPO on September 9th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

TLNCU Price Performance

NASDAQ:TLNCU opened at $10.27 on Monday. TLNCU has a 52-week low of $9.98 and a 52-week high of $11.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TLNCU stock. Ground Swell Capital LLC raised its stake in shares of TLNCU (NASDAQ:TLNCU) by 8.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,480 shares of the company’s stock after purchasing an additional 1,124 shares during the quarter. Ground Swell Capital LLC’s holdings in TLNCU were worth $149,000 as of its most recent filing with the SEC.