IB Acquisition Corp.’s Lock-Up Period To Expire on September 23rd (NASDAQ:IBACU)

IB Acquisition’s (NASDAQ:IBACU) lock-up period is set to end on Monday, September 23rd. IB Acquisition had issued 10,000,000 shares in its IPO on March 26th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

IB Acquisition Stock Performance

Shares of IBACU opened at $10.05 on Friday. The company’s 50 day simple moving average is $10.05. IB Acquisition has a twelve month low of $9.97 and a twelve month high of $10.06.

Institutional Trading of IB Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of IBACU. Virtu Financial LLC bought a new position in shares of IB Acquisition during the 1st quarter worth approximately $209,000. Bluefin Capital Management LLC bought a new stake in IB Acquisition during the 1st quarter worth approximately $125,000. Walleye Trading LLC bought a new position in IB Acquisition in the 1st quarter valued at $360,000. SkyView Investment Advisors LLC acquired a new position in IB Acquisition in the first quarter worth $751,000. Finally, K2 Principal Fund L.P. bought a new position in shares of IB Acquisition in the first quarter valued at about $1,502,000.

IB Acquisition Company Profile

IB Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boca Raton, Florida.