Yorkville Acquisition’s (NASDAQ:YORKU – Get Free Report) lock-up period will end on Wednesday, December 24th. Yorkville Acquisition had issued 15,000,000 shares in its public offering on June 27th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of Yorkville Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Yorkville Acquisition Stock Performance
Shares of NASDAQ:YORKU opened at $10.28 on Friday. Yorkville Acquisition has a fifty-two week low of $10.45 and a fifty-two week high of $12.50. The company has a 50 day moving average price of $10.55.
Institutional Trading of Yorkville Acquisition
Hedge funds and other institutional investors have recently bought and sold shares of the business. Azora Capital LP acquired a new position in shares of Yorkville Acquisition during the 2nd quarter worth about $135,000. Virtu Financial LLC purchased a new position in Yorkville Acquisition in the third quarter valued at approximately $159,000. Jane Street Group LLC acquired a new stake in Yorkville Acquisition during the second quarter worth approximately $164,000. Bluefin Capital Management LLC purchased a new stake in shares of Yorkville Acquisition during the 2nd quarter worth approximately $225,000. Finally, BCK Capital Management LP acquired a new position in shares of Yorkville Acquisition in the 2nd quarter valued at $281,000.
Yorkville Acquisition Company Profile
Yorkville Acquisition Corp. is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Incorporated in the Cayman Islands with principal executive offices in New York, the company is listed on the Nasdaq under the ticker YORKU, representing its publicly traded units.
The company’s primary business activity is to identify and acquire a target business or businesses that can benefit from strategic guidance and access to public market capital.
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