Maywood Acquisition Corp. 2 Units’ (NASDAQ:MYXXU – Get Free Report) lock-up period is set to end on Monday, October 12th. Maywood Acquisition Corp. 2 Units had issued 10,000,000 shares in its initial public offering on April 14th. 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 company insiders and major shareholders from selling shares in the company will be lifted.
Maywood Acquisition Corp. 2 Units Stock Performance
Shares of NASDAQ MYXXU opened at $10.20 on Wednesday. Maywood Acquisition Corp. 2 Units has a 52-week low of $9.98 and a 52-week high of $10.53. The stock has a 50 day moving average price of $10.20.
About Maywood Acquisition Corp. 2 Units
Maywood Acquisition Corp. 2 Units (NASDAQ: MYXXU) is a special purpose acquisition company, or SPAC. The company was formed to raise capital through an initial public offering and use the proceeds to pursue a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more private companies.
The units represent securities issued in connection with Maywood Acquisition Corp. 2’s offering and are expected to be separable into their component securities under the terms described in the company’s offering documents.
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