Apex Technology Acquisition’s (OTCMKTS:APXTU) lock-up period is set to end on Monday, March 16th. Apex Technology Acquisition had issued 30,500,000 shares in its initial public offering on September 17th. The total size of the offering was $305,000,000 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.
APXTU opened at $10.18 on Monday. The company’s 50-day moving average is $10.64. Apex Technology Acquisition has a 52-week low of $10.00 and a 52-week high of $11.89.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. K2 Principal Fund L.P. lifted its stake in Apex Technology Acquisition by 108.7% during the 4th quarter. K2 Principal Fund L.P. now owns 775,010 shares of the company’s stock valued at $8,114,000 after acquiring an additional 403,605 shares during the period. Sage Rock Capital Management LP bought a new position in shares of Apex Technology Acquisition in the 4th quarter worth approximately $3,765,000. Millennium Management LLC bought a new position in shares of Apex Technology Acquisition in the 3rd quarter worth approximately $10,190,000. Owl Creek Asset Management L.P. purchased a new stake in Apex Technology Acquisition in the 3rd quarter worth approximately $5,033,000. Finally, Apollo Management Holdings L.P. purchased a new stake in Apex Technology Acquisition in the 3rd quarter worth approximately $5,095,000.
About Apex Technology Acquisition
Apex Technology Acquisition Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company primarily intends to focus its search on companies in the software and Internet technology industries.
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