Melar Acquisition Corp. I’s (NASDAQ:MACIU – Get Free Report) lock-up period will expire on Monday, December 16th. Melar Acquisition Corp. I had issued 15,000,000 shares in its initial public offering on June 18th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Melar Acquisition Corp. I Price Performance
Shares of MACIU stock opened at $10.12 on Friday. Melar Acquisition Corp. I has a 12-month low of $9.99 and a 12-month high of $10.64. The stock’s 50 day moving average is $10.15.
Featured Articles
- Five stocks we like better than Melar Acquisition Corp. I
- Buy P&G Now, Before It Sets A New All-Time High
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- What is the Dow Jones Industrial Average (DJIA)?
- Texas Instruments: The Old-School Tech Titan Still Delivering
- What is the Nikkei 225 index?
- GRAIL: Biotech Stock Targeting $100B Cancer Market
Receive News & Ratings for Melar Acquisition Corp. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melar Acquisition Corp. I and related companies with MarketBeat.com's FREE daily email newsletter.
