The Pearl Holdings Acquisition (NASDAQ:PRLHU – Get Rating) lock-up period is scheduled to end on Monday, June 13. Pearl Holdings Acquisition had issued 17,500,000 shares in its public offering on December 15. The total offer size was $175,000,000 based on an initial share price of $10.00. Company shares held by company insiders and major shareholders will be available for trading after the lock-up period expires.
Pearl Holdings Acquisition shares opened at $9.97 on Monday. The acquisition of Pearl Holdings has a 1-year low of $8.52 and a 1-year high of $10.06. The company’s fifty-day simple moving average is $10.00 and its 200-day simple moving average is $9.99.
A number of institutional investors and hedge funds have recently changed their positions in PRLHU. Sage Mountain Advisors LLC bought a new position in Pearl Holdings Acquisition in Q4 for a value of $504,000. Wealthspring Capital LLC bought a new position in Pearl Holdings Acquisition in Q4 for a value of $747,000. Robinson Capital Management LLC bought a new position in Pearl Holdings Acquisition in Q4 worth $175,000. Background Capital Management LLC bought a new position in Pearl Holdings Acquisition in Q4 for $1,500,000. Finally, Wolverine Asset Management LLC bought a new position in Pearl Holdings Acquisition in Q4 worth $995,000.
Pearl Holdings Acquisition Company Profile (Get an evaluation)
Pearl Holdings Acquisition Corp has no significant operations. The Company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It focuses on acquiring businesses operating in the lifestyle, health, wellness and technology sectors.
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