IB Acquisition Corp.’s Lock-Up Period Set To End on September 23rd (NASDAQ:IBACU)

IB Acquisition’s (NASDAQ:IBACU) lock-up period is set to end on Monday, September 23rd. IB Acquisition had issued 10,000,000 shares in its initial public offering on March 26th. 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 expiration of the lock-up period.

IB Acquisition Stock Down 0.1 %

IB Acquisition stock opened at $10.05 on Friday. The firm’s 50-day moving average price is $10.05. IB Acquisition has a 52-week low of $9.97 and a 52-week high of $10.06.

Institutional Investors Weigh In On IB Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealthspring Capital LLC acquired a new position in shares of IB Acquisition in the 1st quarter valued at $4,711,000. Fifth Lane Capital LP purchased a new position in shares of IB Acquisition in the first quarter worth approximately $3,002,000. CVI Holdings LLC acquired a new stake in shares of IB Acquisition during the first quarter valued at approximately $2,501,000. Periscope Capital Inc. purchased a new stake in shares of IB Acquisition in the 1st quarter valued at approximately $2,002,000. Finally, K2 Principal Fund L.P. acquired a new position in IB Acquisition in the 1st quarter worth approximately $1,502,000.

IB Acquisition Company Profile

IB Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boca Raton, Florida.