Health Sciences Acquisitions Corporation’s (OTCMKTS:HSACU) Lock-Up Period To End on November 6th

Health Sciences Acquisitions’ (OTCMKTS:HSACU) lock-up period is set to end on Wednesday, November 6th. Health Sciences Acquisitions had issued 10,000,000 shares in its initial public offering on May 10th. The total size of the offering was $100,000,000 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 HSACU opened at $11.12 on Friday. Health Sciences Acquisitions has a fifty-two week low of $10.19 and a fifty-two week high of $11.77. The business’s 50-day simple moving average is $11.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. acquired a new stake in shares of Health Sciences Acquisitions during the second quarter worth about $371,000. Shaolin Capital Management LLC acquired a new stake in shares of Health Sciences Acquisitions during the second quarter worth about $530,000. Cowen Inc. acquired a new stake in shares of Health Sciences Acquisitions during the second quarter worth about $639,000. HGC Investment Management Inc. acquired a new stake in shares of Health Sciences Acquisitions during the second quarter worth about $782,000. Finally, Walleye Trading Advisors LLC acquired a new stake in shares of Health Sciences Acquisitions during the second quarter worth about $902,000.

About Health Sciences Acquisitions

Health Sciences Acquisitions Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the healthcare and healthcare-related industries in North America or Europe.

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