Silver Spike Acquisition’s (OTCMKTS:SSPKU) lock-up period will expire on Tuesday, February 4th. Silver Spike Acquisition had issued 25,000,000 shares in its public offering on August 8th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Shares of OTCMKTS SSPKU opened at $10.20 on Tuesday. The business’s fifty day moving average is $10.18. Silver Spike Acquisition has a 1-year low of $9.98 and a 1-year high of $10.39.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cowen Investment Management LLC acquired a new stake in Silver Spike Acquisition in the third quarter valued at $2,018,000. Mint Tower Capital Management B.V. acquired a new stake in Silver Spike Acquisition in the third quarter valued at $3,027,000. Boussard & Gavaudan Investment Management LLP acquired a new stake in Silver Spike Acquisition in the third quarter valued at $9,080,000. Penserra Capital Management LLC acquired a new stake in Silver Spike Acquisition in the third quarter valued at $42,000. Finally, Vertex One Asset Management Inc. acquired a new stake in Silver Spike Acquisition in the fourth quarter valued at $3,560,000.
Silver Spike Acquisition Corp. intends to acquire assets and businesses through a merger, amalgamation, share exchange, share purchase, reorganization, or business combination. The company was founded in 2019 and is based in New York, New York.
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