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Lakeshore Acquisition II Corp.'s Lock-Up Period To End on September 5th (NASDAQ:LBBBU)

Defense World ·  08/29/2022 13:31

Lakeshore Acquisition II's (NASDAQ:LBBBU – Get Rating) lock-up period will end on Monday, September 5th. Lakeshore Acquisition II had issued 6,000,000 shares in its initial public offering on March 9th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Lakeshore Acquisition II Stock Performance

LBBBU stock opened at $10.07 on Monday. Lakeshore Acquisition II has a 52-week low of $9.98 and a 52-week high of $10.66. The business's fifty day simple moving average is $10.05.

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Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Clear Street LLC purchased a new position in shares of Lakeshore Acquisition II in the 2nd quarter worth $43,000. UBS Group AG purchased a new position in shares of Lakeshore Acquisition II in the 1st quarter worth $48,000. Ergoteles LLC purchased a new position in shares of Lakeshore Acquisition II in the 1st quarter worth $151,000. Prelude Capital Management LLC purchased a new position in shares of Lakeshore Acquisition II in the 1st quarter worth $560,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Lakeshore Acquisition II in the 1st quarter worth $2,005,000.

About Lakeshore Acquisition II

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Lakeshore Acquisition II Corp. focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.

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