Melar Acquisition Corp. I’s (NASDAQ:MACIU – Get Free Report) lock-up period is set to end on Monday, December 16th. Melar Acquisition Corp. I had issued 15,000,000 shares in its IPO on June 18th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Melar Acquisition Corp. I Stock Performance
Shares of MACIU opened at $10.12 on Monday. The company has a 50-day moving average of $10.14. Melar Acquisition Corp. I has a fifty-two week low of $9.99 and a fifty-two week high of $10.64.
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