Act II Global Acquisition Corp.’s Lock-Up Period Set To Expire on October 23rd (OTCMKTS:ACTTU)

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Act II Global Acquisition’s (OTCMKTS:ACTTU) lock-up period will expire on Wednesday, October 23rd. Act II Global Acquisition had issued 26,100,000 shares in its IPO on April 26th. The total size of the offering was $261,000,000 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.

Shares of ACTTU stock opened at $10.37 on Wednesday. The business’s 50 day moving average is $10.34. Act II Global Acquisition has a 52 week low of $10.00 and a 52 week high of $10.95.

Hedge funds have recently made changes to their positions in the business. Cowen Inc. acquired a new stake in Act II Global Acquisition during the 2nd quarter worth approximately $643,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Act II Global Acquisition during the 2nd quarter worth approximately $1,012,000. Rivernorth Capital Management LLC acquired a new stake in Act II Global Acquisition during the 2nd quarter worth approximately $1,012,000. Monashee Investment Management LLC acquired a new stake in Act II Global Acquisition during the 2nd quarter worth approximately $1,012,000. Finally, Walleye Trading Advisors LLC acquired a new stake in Act II Global Acquisition during the 2nd quarter worth approximately $1,093,000.

Act II Global Acquisition Company Profile

Act II Global Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in consumer packaged goods and other consumables, and hospitality businesses. The company was incorporated in 2018 and is based in New York, New York.

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