Twelve Seas Investment Company II’s Lock-Up Period Will End on June 10th (NASDAQ:TWLVU)

Twelve Seas Investment Company II’s (NASDAQ:TWLVU) lock-up period is set to end on Wednesday, June 10th. Twelve Seas Investment Company II had issued 15,000,000 shares in its public offering on December 12th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Twelve Seas Investment Company II Stock Performance

TWLVU opened at $10.10 on Wednesday. The company’s fifty day moving average price is $10.10 and its two-hundred day moving average price is $10.22. Twelve Seas Investment Company II has a 1-year low of $9.95 and a 1-year high of $10.41.

Institutional Trading of Twelve Seas Investment Company II

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lineage Point Capital LP purchased a new stake in shares of Twelve Seas Investment Company II in the fourth quarter worth approximately $1,492,000. Virtu Financial LLC purchased a new stake in shares of Twelve Seas Investment Company II in the fourth quarter worth approximately $915,000. Alberta Investment Management Corp purchased a new stake in shares of Twelve Seas Investment Company II in the fourth quarter worth approximately $5,970,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Twelve Seas Investment Company II in the fourth quarter worth approximately $7,960,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Twelve Seas Investment Company II in the fourth quarter worth approximately $498,000.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.