BEST SPAC I Acquisition Corp.’s (NASDAQ:BSAAU) Lock-Up Period To End on December 10th

BEST SPAC I Acquisition’s (NASDAQ:BSAAU) lock-up period will end on Wednesday, December 10th. BEST SPAC I Acquisition had issued 5,500,000 shares in its IPO on June 13th. The total size of the offering was $55,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

BEST SPAC I Acquisition Trading Up 0.1%

BEST SPAC I Acquisition stock opened at $10.23 on Wednesday. BEST SPAC I Acquisition has a 52 week low of $10.01 and a 52 week high of $10.92. The business’s 50 day moving average price is $10.21.

Hedge Funds Weigh In On BEST SPAC I Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in BSAAU. Wolverine Asset Management LLC purchased a new stake in BEST SPAC I Acquisition during the second quarter worth about $3,776,000. MMCAP International Inc. SPC purchased a new position in BEST SPAC I Acquisition in the second quarter valued at approximately $1,255,000. Mint Tower Capital Management B.V. purchased a new stake in BEST SPAC I Acquisition in the second quarter worth $452,000. Highbridge Capital Management LLC bought a new stake in shares of BEST SPAC I Acquisition in the second quarter valued at $1,506,000. Finally, Crossingbridge Advisors LLC purchased a new position in shares of BEST SPAC I Acquisition during the 2nd quarter valued at $490,000.

BEST SPAC I Acquisition Company Profile

We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.