Silver Pegasus Acquisition’s (NASDAQ:SPEGU – Get Free Report) lock-up period will end on Monday, January 12th. Silver Pegasus Acquisition had issued 10,000,000 shares in its public offering on July 15th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Silver Pegasus Acquisition Stock Performance
Shares of NASDAQ SPEGU opened at $10.45 on Friday. The stock has a fifty day moving average of $10.35. Silver Pegasus Acquisition has a 52-week low of $10.02 and a 52-week high of $10.75.
Institutional Trading of Silver Pegasus Acquisition
A number of hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. purchased a new position in shares of Silver Pegasus Acquisition in the third quarter worth approximately $84,000. Citadel Advisors LLC acquired a new position in Silver Pegasus Acquisition in the 3rd quarter worth approximately $144,000. BCK Capital Management LP acquired a new position in Silver Pegasus Acquisition in the 3rd quarter worth approximately $526,000. Gabelli Funds LLC purchased a new position in Silver Pegasus Acquisition during the 3rd quarter worth approximately $806,000. Finally, Yakira Capital Management Inc. acquired a new stake in Silver Pegasus Acquisition during the 3rd quarter valued at $814,000.
Silver Pegasus Acquisition Company Profile
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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