Quantumsphere Acquisition Corp’s Lock-Up Period Set To End on February 2nd (NASDAQ:QUMSU)

Quantumsphere Acquisition’s (NASDAQ:QUMSUGet Free Report) lock-up period is set to expire on Monday, February 2nd. Quantumsphere Acquisition had issued 7,200,000 shares in its initial public offering on August 6th. The total size of the offering was $72,000,000 based on an initial share price of $10.00. After the expiration of Quantumsphere Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Quantumsphere Acquisition Trading Up 0.1%

Shares of NASDAQ QUMSU opened at $10.22 on Monday. The firm has a 50-day moving average of $10.19. Quantumsphere Acquisition has a 52-week low of $10.02 and a 52-week high of $10.27.

Institutional Trading of Quantumsphere Acquisition

Several large investors have recently added to or reduced their stakes in QUMSU. TrueMark Investments LLC purchased a new stake in shares of Quantumsphere Acquisition in the third quarter valued at about $101,000. Warberg Asset Management LLC purchased a new stake in shares of Quantumsphere Acquisition in the 3rd quarter valued at approximately $420,000. JPMorgan Chase & Co. acquired a new stake in shares of Quantumsphere Acquisition during the 3rd quarter worth approximately $101,000. ATW Spac Management LLC purchased a new stake in shares of Quantumsphere Acquisition during the 3rd quarter valued at approximately $1,013,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Quantumsphere Acquisition during the 3rd quarter valued at approximately $686,000.

About Quantumsphere Acquisition

(Get Free Report)

We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability. We are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry.

Further Reading

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