Black Spade Acquisition II Co’s (NASDAQ:BSIIU) Lock-Up Period Set 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 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 end 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 Stock Performance

BSIIU stock opened at $10.14 on Friday. Black Spade Acquisition II has a twelve month low of $9.86 and a twelve month high of $10.30. The business’s 50 day moving average is $10.13.

Institutional Trading of Black Spade Acquisition II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ATW Spac Management LLC acquired a new stake in Black Spade Acquisition II during the third quarter worth approximately $316,000. Parallax Volatility Advisers L.P. acquired a new stake in Black Spade Acquisition II during the third quarter worth approximately $499,000. Tidal Investments LLC acquired a new position in shares of Black Spade Acquisition II in the 3rd quarter valued at $561,000. Periscope Capital Inc. acquired a new position in shares of Black Spade Acquisition II in the 3rd quarter valued at $1,496,000. Finally, Rivernorth Capital Management LLC acquired a new position in shares of Black Spade Acquisition II in the 3rd quarter valued at $1,698,000.

About Black Spade Acquisition II

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.