Thunder Bridge Acquisition’s (OTCMKTS:TBRGU) lock-up period is set to end on Monday, December 17th. Thunder Bridge Acquisition had issued 22,500,000 shares in its IPO on June 19th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.
Shares of Thunder Bridge Acquisition stock traded up $0.01 during trading on Thursday, reaching $10.19. 102,400 shares of the stock were exchanged, compared to its average volume of 70,610. Thunder Bridge Acquisition has a 1 year low of $9.97 and a 1 year high of $10.24.
An institutional investor recently bought a new position in Thunder Bridge Acquisition stock. Context Partners Fund L.P. bought a new stake in shares of Thunder Bridge Acquisition (OTCMKTS:TBRGU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 150,000 shares of the company’s stock, valued at approximately $1,524,000.
Thunder Bridge Acquisition Company Profile
Thunder Bridge Acquisition, Ltd. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or business combination. The company was founded in 2017 and is based in Great Falls, Virginia.
Further Reading: How Important is Technical Analysis of Stocks