AGBA Acquisition Limited’s Lock-Up Period Will Expire on November 11th (OTCMKTS:AGBAU)

AGBA Acquisition’s (OTCMKTS:AGBAU) lock-up period will expire on Monday, November 11th. AGBA Acquisition had issued 4,000,000 shares in its IPO on May 14th. The total size of the offering was $40,000,000 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 expiration of the lock-up period.

Shares of OTCMKTS AGBAU opened at $10.24 on Monday. AGBA Acquisition has a 12 month low of $9.98 and a 12 month high of $10.25. The company’s fifty day moving average is $10.16.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. purchased a new stake in shares of AGBA Acquisition during the second quarter valued at $80,000. Walleye Trading LLC purchased a new stake in shares of AGBA Acquisition during the second quarter valued at $160,000. Cowen Inc. purchased a new stake in shares of AGBA Acquisition during the second quarter valued at $645,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of AGBA Acquisition during the second quarter valued at $880,000. Finally, Glazer Capital LLC purchased a new stake in shares of AGBA Acquisition during the second quarter valued at $1,250,000.

About AGBA Acquisition

AGBA Acquisition Limited is a blank check company that intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with businesses or entities. The company focuses on operating businesses in the healthcare, education, entertainment, and financial services sectors operating in China.

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