Aparadise Acquisition Corp.’s Lock-Up Period To Expire on January 26th (NASDAQ:APADU)

Aparadise Acquisition’s (NASDAQ:APADU) lock-up period is set to expire on Monday, January 26th. Aparadise Acquisition had issued 20,000,000 shares in its public offering on July 30th. The total size of the offering was $200,000,000 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.

Aparadise Acquisition Stock Performance

APADU opened at $10.30 on Monday. Aparadise Acquisition has a 1 year low of $9.98 and a 1 year high of $11.00. The business has a 50 day moving average of $10.27.

Institutional Trading of Aparadise Acquisition

Several institutional investors have recently made changes to their positions in APADU. JPMorgan Chase & Co. purchased a new position in shares of Aparadise Acquisition in the 3rd quarter worth $549,000. BCK Capital Management LP acquired a new stake in Aparadise Acquisition during the third quarter worth about $231,000. Picton Mahoney Asset Management purchased a new position in shares of Aparadise Acquisition in the 3rd quarter worth about $998,000. ATW Spac Management LLC purchased a new position in shares of Aparadise Acquisition in the 3rd quarter worth about $1,248,000. Finally, Magnetar Financial LLC acquired a new position in shares of Aparadise Acquisition in the 3rd quarter valued at about $7,984,000.

About Aparadise Acquisition

Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.

Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.