Global Partner Acquisition Corp II’s (NASDAQ:GPACU – Get Free Report) lock-up period is set to expire on Monday, June 1st. Global Partner Acquisition Corp II had issued 20,000,000 shares in its IPO on December 3rd. 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, company insiders and major shareholders will be able to sell their shares of the company.
Global Partner Acquisition Corp II Stock Performance
Shares of NASDAQ:GPACU opened at $10.09 on Monday. The firm has a 50 day moving average of $10.04 and a 200-day moving average of $10.03. Global Partner Acquisition Corp II has a 12 month low of $9.97 and a 12 month high of $10.50.
Hedge Funds Weigh In On Global Partner Acquisition Corp II
Several hedge funds and other institutional investors have recently made changes to their positions in GPACU. Adage Capital Partners GP L.L.C. acquired a new position in shares of Global Partner Acquisition Corp II in the 4th quarter valued at approximately $18,018,000. Alberta Investment Management Corp acquired a new position in shares of Global Partner Acquisition Corp II in the 4th quarter valued at approximately $12,012,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Global Partner Acquisition Corp II in the 4th quarter valued at approximately $12,012,000. Millennium Management LLC acquired a new position in shares of Global Partner Acquisition Corp II in the 4th quarter valued at approximately $12,012,000. Finally, Glazer Capital LLC acquired a new position in shares of Global Partner Acquisition Corp II in the 4th quarter valued at approximately $11,017,000.
About Global Partner Acquisition Corp II
Global Partner Acquisition Corp II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York. Global Partner Acquisition Corp II is a subsidiary of Global Partner Sponsor II LLC.
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