SHUAA Partners Acquisition Corp I's (NASDAQ:SHUAU – Get Rating) lock-up period will expire on Monday, August 29th. SHUAA Partners Acquisition Corp I had issued 10,000,000 shares in its public offering on March 2nd. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of SHUAA Partners Acquisition Corp I's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

SHUAA Partners Acquisition Corp I Price Performance

Shares of SHUAU opened at $10.05 on Monday. SHUAA Partners Acquisition Corp I has a 1-year low of $9.98 and a 1-year high of $10.63. The company has a fifty day moving average of $10.04.

Institutional Investors Weigh In On SHUAA Partners Acquisition Corp I

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Condor Capital Management purchased a new stake in shares of SHUAA Partners Acquisition Corp I in the first quarter valued at about $40,000. State Street Corp purchased a new stake in shares of SHUAA Partners Acquisition Corp I in the second quarter valued at about $111,000. Skaana Management L.P. purchased a new stake in shares of SHUAA Partners Acquisition Corp I in the first quarter valued at about $253,000. Ergoteles LLC acquired a new position in shares of SHUAA Partners Acquisition Corp I during the first quarter worth about $351,000. Finally, Wealthspring Capital LLC acquired a new position in shares of SHUAA Partners Acquisition Corp I during the first quarter worth about $396,000.

SHUAA Partners Acquisition Corp I Company Profile

SHUAA Partners Acquisition Corp I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the technology and/or tech-enabled financial services sectors. The company was incorporated in 2021 and is based in George Town, Cayman Islands.

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