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Cambridge Capital Acquisition Corp’s (NASDAQ:CAMBU) lock-up period is set to expire on Monday, June 16th. Cambridge Capital Acquisition Corp had issued 7,000,000 shares in its IPO on December 18th, Analyst Ratings.Net reports. The total size of the offering was $70,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Cambridge Capital Acquisition Corp (NASDAQ:CAMBU) traded up 0.30% during mid-day trading on Wednesday, hitting $10.14. 2,400 shares of the company’s stock traded hands. Cambridge Capital Acquisition Corp has a 52 week low of $9.76 and a 52 week high of $11.10. The stock’s 50-day moving average is $10.12 and its 200-day moving average is $10.09.

Cambridge Capital Acquisition Corporation is a blank check company. The Company was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

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