share_log

Alset Capital Acquisition Corp.'s (NASDAQ:ACAXU) Lock-Up Period Set To Expire on August 1st

Defense World ·  Jul 25, 2022 01:11

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.

Get Alset Capital Acquisition alerts:

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

(Get Rating)

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.

Featured Articles

  • Get a free copy of the StockNews.com research report on Alset Capital Acquisition (ACAXU)
  • How to Find and Determine Which Stocks Are Worth Holding Through a Bear Market
  • Trip Advisor Stock Might Be Ready for a Ride
  • Snowflake Stock May Have Stopped Falling
  • Three Watchlist Stocks to Capitalize on Sector Rotation
  • MarketBeat: Week in Review 7/18 – 7/22

Receive News & Ratings for Alset Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alset Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment