FG Merger's (NASDAQ:FGMCU – Get Rating) lock-up period is set to expire on Wednesday, August 24th. FG Merger had issued 7,000,000 shares in its initial public offering on February 25th. The total size of the offering was $70,000,000 based on an initial share price of $10.00. After the expiration of FG Merger's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

FG Merger Price Performance

Shares of NASDAQ:FGMCU opened at $10.05 on Wednesday. The company has a fifty day simple moving average of $10.03. FG Merger has a 1 year low of $9.97 and a 1 year high of $10.98.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Saba Capital Management L.P. bought a new position in shares of FG Merger during the 1st quarter worth $198,000. Yakira Capital Management Inc. bought a new position in shares of FG Merger during the 1st quarter worth $211,000. Condor Capital Management bought a new position in shares of FG Merger during the 1st quarter worth $236,000. Sage Mountain Advisors LLC bought a new position in shares of FG Merger during the 2nd quarter worth $246,000. Finally, Warberg Asset Management LLC bought a new position in shares of FG Merger during the 1st quarter worth $250,000.

FG Merger Company Profile

FG Merger Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business in the financial services industry in North America. The company was incorporated in 2020 and is based in Itasca, Illinois.

Further Reading

• Get a free copy of the StockNews.com research report on FG Merger (FGMCU)
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