Wealthbridge Acquisition’s (OTCMKTS:HHHHU) lock-up period is set to end on Monday, August 5th. Wealthbridge Acquisition had issued 5,000,000 shares in its initial public offering on February 6th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
HHHHU opened at $10.28 on Friday. The business’s 50-day moving average price is $10.18. Wealthbridge Acquisition has a 12-month low of $10.00 and a 12-month high of $10.31.
A hedge fund recently bought a new stake in Wealthbridge Acquisition stock. Periscope Capital Inc. purchased a new stake in Wealthbridge Acquisition Limited (OTCMKTS:HHHHU) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 337,000 shares of the company’s stock, valued at approximately $3,395,000.
Wealthbridge Acquisition Limited intends to acquire assets and businesses through a merger, share exchange, share purchase, recapitalization, reorganization, or business combination. The company was founded in 2018 and is based in Wanchai, Hong Kong.
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