Spring Valley Acquisition Corp. II's (NASDAQ:SVIIU – Get Rating) lock-up period will expire on Tuesday, April 11th. Spring Valley Acquisition Corp. II had issued 20,000,000 shares in its initial public offering on October 13th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of Spring Valley Acquisition Corp. II's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Spring Valley Acquisition Corp. II Stock Performance
Shares of NASDAQ:SVIIU opened at $10.61 on Tuesday. The stock has a 50 day moving average price of $10.62. Spring Valley Acquisition Corp. II has a 1 year low of $10.05 and a 1 year high of $11.24.
Get Spring Valley Acquisition Corp. II alerts:Hedge Funds Weigh In On Spring Valley Acquisition Corp. II
Institutional investors have recently added to or reduced their stakes in the stock. Sculptor Capital LP purchased a new stake in Spring Valley Acquisition Corp. II in the fourth quarter valued at $6,013,000. Millennium Management LLC purchased a new stake in Spring Valley Acquisition Corp. II in the fourth quarter valued at $3,239,000. Sandia Investment Management LP purchased a new stake in Spring Valley Acquisition Corp. II in the fourth quarter valued at $2,595,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Spring Valley Acquisition Corp. II in the fourth quarter valued at $1,346,000. Finally, Boothbay Fund Management LLC purchased a new stake in Spring Valley Acquisition Corp. II in the fourth quarter valued at $883,000.
About Spring Valley Acquisition Corp. II
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Spring Valley Acquisition Corp. II intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It intends to focus on businesses in an alternative energy industry, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials, and technology enabled services.
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