Federal Street Acquisition Corp’s Lock-Up Period To Expire on January 15th (NASDAQ:FSACU)

Federal Street Acquisition’s (NASDAQ:FSACU) lock-up period is set to expire on Monday, January 15th. Federal Street Acquisition had issued 40,000,000 shares in its initial public offering on July 19th. The total size of the offering was $400,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Federal Street Acquisition (FSACU) opened at $10.23 on Wednesday. Federal Street Acquisition has a 12 month low of $9.53 and a 12 month high of $10.50.

Large investors have recently bought and sold shares of the company. Mizuho Securities USA LLC acquired a new position in shares of Federal Street Acquisition during the 3rd quarter worth $1,213,000. Myriad Asset Management Ltd. acquired a new position in shares of Federal Street Acquisition during the 3rd quarter worth $1,546,000. Westchester Capital Management LLC acquired a new position in shares of Federal Street Acquisition during the 3rd quarter worth $1,907,000. Periscope Capital Inc. acquired a new position in shares of Federal Street Acquisition during the 3rd quarter worth $4,175,000. Finally, Pacific Grove Capital LP acquired a new position in shares of Federal Street Acquisition during the 3rd quarter worth $5,714,000.

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