Black Spade Acquisition II Co’s (NASDAQ:BSIIU) Lock-Up Period To Expire on February 24th

Black Spade Acquisition II’s (NASDAQ:BSIIU) lock-up period will end on Monday, February 24th. Black Spade Acquisition II had issued 15,000,000 shares in its initial public offering on August 28th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of Black Spade Acquisition II’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Black Spade Acquisition II Price Performance

BSIIU stock opened at $10.20 on Monday. Black Spade Acquisition II has a one year low of $9.86 and a one year high of $10.30. The stock has a 50 day moving average price of $10.08.

Hedge Funds Weigh In On Black Spade Acquisition II

Several hedge funds and other institutional investors have recently made changes to their positions in BSIIU. ATW Spac Management LLC acquired a new stake in shares of Black Spade Acquisition II during the third quarter valued at approximately $316,000. Parallax Volatility Advisers L.P. bought a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $499,000. Tidal Investments LLC bought a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $561,000. Spartan Fund Management Inc. bought a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $996,000. Finally, Periscope Capital Inc. bought a new stake in Black Spade Acquisition II in the 3rd quarter valued at $1,496,000.

Black Spade Acquisition II Company Profile

We are a blank check company incorporated under the laws of the Cayman Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination.