Alset Capital Acquisition's (NASDAQ:ACAXU – Get Rating) lock-up period is set to expire on Monday, August 1st. Alset Capital Acquisition had issued 7,500,000 shares in its public offering on February 1st. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Alset Capital Acquisition Trading Down 0.2 %

Shares of NASDAQ:ACAXU opened at $9.95 on Monday. The business has a 50 day simple moving average of $10.03. Alset Capital Acquisition has a twelve month low of $9.94 and a twelve month high of $10.40.

Institutional Investors Weigh In On Alset Capital Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in Alset Capital Acquisition in the 1st quarter worth approximately $161,000. Ergoteles LLC purchased a new stake in Alset Capital Acquisition in the 1st quarter worth approximately $222,000. Saba Capital Management L.P. purchased a new stake in Alset Capital Acquisition in the 1st quarter worth approximately $766,000. Ayrton Capital LLC purchased a new stake in Alset Capital Acquisition in the 1st quarter worth approximately $1,008,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Alset Capital Acquisition in the 1st quarter worth approximately $1,195,000.

About Alset Capital Acquisition

Alset Capital Acquisition 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 on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, as well as businesses and technologies targeting the real estate space.

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