Duddell Street Acquisition Corp.’s (OTCMKTS:DSACU) Lock-Up Period Set To Expire on June 8th

Duddell Street Acquisition’s (OTCMKTS:DSACU) lock-up period is set to expire on Monday, June 8th. Duddell Street Acquisition had issued 22,500,000 shares in its public offering on December 9th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. After the end of Duddell Street Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Duddell Street Acquisition Price Performance

Shares of OTCMKTS DSACU opened at $10.03 on Monday. Duddell Street Acquisition has a 1-year low of $10.00 and a 1-year high of $11.00. The company has a 50-day moving average of $10.04 and a two-hundred day moving average of $9.92.

About Duddell Street Acquisition

Duddell Street Acquisition Corp (OTCMKTS: DSACU) is a Cayman Islands–incorporated special purpose acquisition company formed in November 2020. As a blank check vehicle, it raises capital through an initial public offering and holds proceeds in a secure trust account until it completes a qualifying business combination. The company’s units, each comprised of one share of common stock and a fraction of a warrant, trade on the OTC market under the ticker DSACU.

The primary objective of Duddell Street Acquisition is to identify and merge with one or more target businesses, with a particular emphasis on high-growth sectors across Asia.