KBL Merger Corp. IV’s (NASDAQ:KBLMU) lock-up period is set to expire on Wednesday, November 29th. KBL Merger Corp. IV had issued 10,000,000 shares in its public offering on June 2nd. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

TRADEMARK VIOLATION NOTICE: This article was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/11/22/kbl-merger-corp-ivs-kblmu-lock-up-period-set-to-end-on-november-29th.html.

Shares of KBL Merger Corp. IV (KBLMU) opened at $10.11 on Wednesday. KBL Merger Corp. IV has a 1 year low of $9.10 and a 1 year high of $10.30.

A number of hedge funds and other institutional investors have recently made changes to their positions in KBLMU. Periscope Capital Inc. purchased a new position in KBL Merger Corp. IV during the second quarter worth approximately $3,091,000. CNH Partners LLC purchased a new position in shares of KBL Merger Corp. IV in the 2nd quarter valued at $10,200,000. Cowen Inc. purchased a new position in shares of KBL Merger Corp. IV in the 2nd quarter valued at $12,576,000. B. Riley Financial Inc. purchased a new position in shares of KBL Merger Corp. IV in the 2nd quarter valued at $408,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of KBL Merger Corp. IV in the 2nd quarter valued at $5,100,000.

About KBL Merger Corp. IV

KBL Merger Corp. IV is a blank check company. The Company is formed for the purpose of effecting merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with one or more operating businesses. The Company intends to focus on acquiring an operating company in the healthcare and related wellness industry.

Receive News & Ratings for KBL Merger Corp. IV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBL Merger Corp. IV and related companies with MarketBeat.com's FREE daily email newsletter.