Translational Development Acquisition Corp.’s Lock-Up Period To End on June 23rd (NASDAQ:TDACU)

Translational Development Acquisition’s (NASDAQ:TDACU) lock-up period is set to end on Monday, June 23rd. Translational Development Acquisition had issued 15,000,000 shares in its IPO on December 23rd. The total size of the offering was $150,000,000 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.

Translational Development Acquisition Price Performance

TDACU stock opened at $10.35 on Friday. Translational Development Acquisition has a 52 week low of $10.00 and a 52 week high of $10.42. The company’s fifty day simple moving average is $10.26.

Hedge Funds Weigh In On Translational Development Acquisition

Institutional investors have recently bought and sold shares of the business. Parallax Volatility Advisers L.P. purchased a new stake in shares of Translational Development Acquisition in the fourth quarter valued at $929,000. Wealthspring Capital LLC purchased a new stake in shares of Translational Development Acquisition in the fourth quarter valued at $1,095,000. Yakira Capital Management Inc. purchased a new stake in shares of Translational Development Acquisition in the fourth quarter valued at $1,106,000. Tabor Asset Management LP purchased a new stake in shares of Translational Development Acquisition in the first quarter valued at $1,106,000. Finally, Warberg Asset Management LLC purchased a new stake in shares of Translational Development Acquisition in the fourth quarter valued at $1,373,000.

Translational Development Acquisition Company Profile

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.