Industrea Acquisition’s (NASDAQ:INDUU) lock-up period will expire on Tuesday, January 23rd. Industrea Acquisition had issued 20,000,000 shares in its public offering on July 27th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Shares of Industrea Acquisition (NASDAQ INDUU) opened at $10.25 on Friday. Industrea Acquisition has a 12-month low of $9.95 and a 12-month high of $10.45.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Davidson Kempner Capital Management LP acquired a new stake in Industrea Acquisition during the 3rd quarter worth about $15,120,000. OxFORD Asset Management LLP acquired a new stake in Industrea Acquisition during the 3rd quarter worth about $9,108,000. Karpus Management Inc. acquired a new stake in Industrea Acquisition during the 3rd quarter worth about $5,785,000. Pacific Grove Capital LP acquired a new stake in shares of Industrea Acquisition during the 3rd quarter valued at about $3,332,000. Finally, Myriad Asset Management Ltd. acquired a new stake in shares of Industrea Acquisition during the 3rd quarter valued at about $3,030,000.
Industrea Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus their search on manufacturing and service companies in the industrial sector.
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