Insurance Acquisition Corp.’s Lock-Up Period Will Expire Tomorrow (OTCMKTS:INSUU)

Insurance Acquisition’s (OTCMKTS:INSUU) lock-up period will end on Monday, September 16th. Insurance Acquisition had issued 13,100,000 shares in its IPO on March 20th. The total size of the offering was $131,000,000 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.

INSUU opened at $10.38 on Friday. Insurance Acquisition has a one year low of $10.00 and a one year high of $10.45. The business’s 50-day moving average price is $10.38.

A hedge fund recently raised its stake in Insurance Acquisition stock. Walleye Trading LLC grew its stake in shares of Insurance Acquisition Corp. (OTCMKTS:INSUU) by 7.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,435 shares of the company’s stock after buying an additional 7,641 shares during the period. Walleye Trading LLC’s holdings in Insurance Acquisition were worth $1,117,000 as of its most recent SEC filing.

About Insurance Acquisition

Insurance Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business transaction with one or more operating businesses or assets in the insurance sector. The company was founded in 2018 and is based in Philadelphia, Pennsylvania.

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