FG Merger Corp.’s (NASDAQ:FGMCU) Lock-Up Period To Expire on July 28th

FG Merger’s (NASDAQ:FGMCU) lock-up period will expire on Monday, July 28th. FG Merger had issued 8,000,000 shares in its IPO on January 29th. The total size of the offering was $80,000,000 based on an initial share price of $10.00. After the expiration of FG Merger’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

FG Merger Trading Up 0.4%

Shares of FGMCU stock opened at $10.10 on Friday. The company has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $9.70. FG Merger has a one year low of $9.70 and a one year high of $10.25.

Institutional Trading of FG Merger

A number of large investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. acquired a new stake in FG Merger in the first quarter valued at $560,000. Heights Capital Management Inc. acquired a new stake in FG Merger in the first quarter valued at $6,518,000. Warberg Asset Management LLC acquired a new stake in FG Merger in the first quarter valued at $206,000. Finally, Wealthspring Capital LLC acquired a new stake in FG Merger in the first quarter valued at $1,221,000.

FG Merger Company Profile

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America.