Boxwood Merger Corp. Units’ (BWMCU) Lock-Up Period Set To Expire on May 15th

Boxwood Merger Corp. Units’ (OTCMKTS:BWMCU) lock-up period is set to expire on Wednesday, May 15th. Boxwood Merger Corp. Units had issued 20,000,000 shares in its IPO on November 16th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

OTCMKTS:BWMCU opened at $10.16 on Wednesday. Boxwood Merger Corp. Units has a 12-month low of $9.35 and a 12-month high of $10.16.

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of Boxwood Merger Corp. Units during the fourth quarter worth approximately $19,348,000. Highbridge Capital Management LLC bought a new position in shares of Boxwood Merger Corp. Units during the fourth quarter worth approximately $8,453,000. City Financial Investment Co Ltd bought a new position in shares of Boxwood Merger Corp. Units during the fourth quarter worth approximately $5,213,000. Hudson Bay Capital Management LP bought a new position in shares of Boxwood Merger Corp. Units during the fourth quarter worth approximately $4,965,000. Finally, Monashee Investment Management LLC acquired a new stake in Boxwood Merger Corp. Units during the fourth quarter worth approximately $4,965,000.

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About Boxwood Merger Corp. Units

Boxwood Merger Corp. operates as a blank check company that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, and business combination with various businesses. Boxwood Merger Corp. was formerly known as M Acquisition Company III Corporation and changed its name to Boxwood Merger Corp.

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