Silver Pegasus Acquisition Corp.’s (NASDAQ:SPEGU) Lock-Up Period Set To End on January 12th

Silver Pegasus Acquisition’s (NASDAQ:SPEGU) lock-up period is set to end on Monday, January 12th. Silver Pegasus Acquisition had issued 10,000,000 shares in its IPO on July 15th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of Silver Pegasus Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Silver Pegasus Acquisition Price Performance

Shares of NASDAQ:SPEGU opened at $10.30 on Monday. The firm’s 50-day simple moving average is $10.34. Silver Pegasus Acquisition has a fifty-two week low of $10.02 and a fifty-two week high of $10.75.

Institutional Investors Weigh In On Silver Pegasus Acquisition

Large investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. bought a new stake in Silver Pegasus Acquisition in the third quarter valued at $84,000. Citadel Advisors LLC bought a new position in shares of Silver Pegasus Acquisition during the third quarter worth about $144,000. BCK Capital Management LP acquired a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter worth about $526,000. Gabelli Funds LLC acquired a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter worth about $806,000. Finally, Yakira Capital Management Inc. bought a new stake in Silver Pegasus Acquisition in the 3rd quarter valued at about $814,000.

Silver Pegasus Acquisition Company Profile

Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.

The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.