KBL Merger Corp. IV’s (NASDAQ:KBLMU) lock-up period is set to end on Wednesday, November 29th. KBL Merger Corp. IV had issued 10,000,000 shares in its public offering on June 2nd. The total size of the offering was $100,000,000 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.
KBL Merger Corp. IV (NASDAQ:KBLMU) traded down $0.02 on Thursday, hitting $10.20. The stock had a trading volume of 900 shares, compared to its average volume of 48,590. KBL Merger Corp. IV has a 12 month low of $9.10 and a 12 month high of $10.30.
Several hedge funds have recently made changes to their positions in KBLMU. Citadel Advisors LLC bought a new position in shares of KBL Merger Corp. IV during the second quarter worth about $198,000. B. Riley Financial Inc. bought a new position in shares of KBL Merger Corp. IV during the second quarter worth about $408,000. Periscope Capital Inc. bought a new position in shares of KBL Merger Corp. IV during the second quarter worth about $3,091,000. OxFORD Asset Management LLP bought a new stake in KBL Merger Corp. IV in the second quarter worth approximately $5,100,000. Finally, Gluskin Sheff & Assoc Inc. bought a new stake in KBL Merger Corp. IV in the second quarter worth approximately $5,100,000.
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About KBL Merger Corp. IV
KBL Merger Corp. IV is a blank check company. The Company is formed for the purpose of effecting merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with one or more operating businesses. The Company intends to focus on acquiring an operating company in the healthcare and related wellness industry.
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