American Drive Acquisition Company Units’ (NASDAQ:ADACU – Get Free Report) lock-up period is set to expire on Tuesday, June 16th. American Drive Acquisition Company Units had issued 20,000,000 shares in its public offering on December 18th. 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 expiration of the lock-up period.
American Drive Acquisition Company Units Stock Down 0.1%
Shares of NASDAQ ADACU opened at $10.04 on Tuesday. American Drive Acquisition Company Units has a fifty-two week low of $9.95 and a fifty-two week high of $10.25. The firm’s 50 day simple moving average is $10.03.
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