AMCI Acquisition Corp. Units’ (OTCMKTS:AMCIU) lock-up period is set to expire on Wednesday, May 15th. AMCI Acquisition Corp. Units had issued 20,000,000 shares in its initial public offering on November 16th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Shares of AMCIU stock opened at $10.18 on Tuesday. AMCI Acquisition Corp. Units has a 12-month low of $9.90 and a 12-month high of $10.20.
Several hedge funds have recently made changes to their positions in the company. Stifel Financial Corp acquired a new position in AMCI Acquisition Corp. Units in the 4th quarter worth $448,000. Castle Creek Arbitrage LLC acquired a new position in AMCI Acquisition Corp. Units in the 4th quarter worth $1,194,000. Citigroup Inc. acquired a new position in AMCI Acquisition Corp. Units in the 4th quarter worth $1,990,000. 683 Capital Management LLC acquired a new position in AMCI Acquisition Corp. Units in the 4th quarter worth $1,990,000. Finally, Gabelli Funds LLC acquired a new position in AMCI Acquisition Corp. Units in the 4th quarter worth $2,323,000.
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AMCI Acquisition Corp. intends to identify and evaluate assets or businesses with a view to completing a qualifying transaction. The company was founded in 2018 and is based in Greenwich, Connecticut.
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