Tenzing Acquisition Corp. Units’ (TZACU) Lock-Up Period Will End on February 18th

Tenzing Acquisition Corp. Units’ (OTCMKTS:TZACU) lock-up period will end on Monday, February 18th. Tenzing Acquisition Corp. Units had issued 5,500,000 shares in its initial public offering on August 21st. The total size of the offering was $55,000,000 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.

OTCMKTS TZACU opened at $10.17 on Monday. Tenzing Acquisition Corp. Units has a 1 year low of $9.75 and a 1 year high of $10.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of TZACU. Glazer Capital LLC purchased a new stake in Tenzing Acquisition Corp. Units in the 3rd quarter worth approximately $3,210,000. Bulldog Investors LLC purchased a new stake in shares of Tenzing Acquisition Corp. Units during the 3rd quarter valued at $1,520,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Tenzing Acquisition Corp. Units during the 3rd quarter valued at $1,499,000. Rivernorth Capital Management LLC purchased a new stake in shares of Tenzing Acquisition Corp. Units during the 3rd quarter valued at $1,258,000. Finally, Pacific Grove Capital LP purchased a new stake in shares of Tenzing Acquisition Corp. Units during the 3rd quarter valued at $1,008,000.

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About Tenzing Acquisition Corp. Units

Tenzing Acquisition Corp. intends to acquire, engage in a share exchange, share reconstruction and amalgamation with, purchase all or substantially all of the assets of, enter into contractual arrangements with, or engage in any other similar business combination with one or more businesses or entities.

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