Hainan Manaslu Acquisition's (NASDAQ:HMACU – Get Rating) lock-up period will end on Tuesday, February 7th. Hainan Manaslu Acquisition had issued 6,000,000 shares in its initial public offering on August 11th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the expiration of Hainan Manaslu Acquisition's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Hainan Manaslu Acquisition Price Performance

Shares of NASDAQ:HMACU opened at $10.33 on Tuesday. Hainan Manaslu Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $11.45. The business has a 50-day moving average of $10.45.

Institutional Trading of Hainan Manaslu Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Condor Capital Management acquired a new stake in shares of Hainan Manaslu Acquisition in the third quarter worth about $62,000. Sage Mountain Advisors LLC acquired a new stake in shares of Hainan Manaslu Acquisition in the third quarter worth about $126,000. Ergoteles LLC acquired a new stake in shares of Hainan Manaslu Acquisition in the third quarter worth about $151,000. Periscope Capital Inc. acquired a new stake in shares of Hainan Manaslu Acquisition in the third quarter worth about $2,013,000. Finally, Schechter Investment Advisors LLC acquired a new stake in shares of Hainan Manaslu Acquisition in the third quarter worth about $2,479,000.

Hainan Manaslu Acquisition Company Profile

Hainan Manaslu Acquisition Corp. does not have significant operations. It intends to acquire assets and businesses through a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combinations. The company was incorporated in 2021 and is based in Haikou, China.

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