Quetta Acquisition Co.’s Lock-Up Period To End Tomorrow (NASDAQ:QETAU)

Quetta Acquisition’s (NASDAQ:QETAU) lock-up period is set to expire on Wednesday, April 3rd. Quetta Acquisition had issued 6,000,000 shares in its IPO on October 6th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Quetta Acquisition Price Performance

Shares of Quetta Acquisition stock opened at $10.28 on Tuesday. Quetta Acquisition has a 52 week low of $10.05 and a 52 week high of $10.96. The firm has a 50 day moving average of $10.28.

Hedge Funds Weigh In On Quetta Acquisition

Institutional investors have recently made changes to their positions in the company. Calamos Advisors LLC purchased a new position in shares of Quetta Acquisition during the 4th quarter valued at approximately $151,000. Clear Street LLC acquired a new stake in Quetta Acquisition in the 4th quarter valued at $170,000. Oaktree Capital Management LP acquired a new stake in Quetta Acquisition in the 4th quarter valued at $296,000. Whitebox Advisors LLC acquired a new stake in Quetta Acquisition in the 4th quarter valued at $306,000. Finally, Citadel Advisors LLC acquired a new stake in Quetta Acquisition in the 4th quarter valued at $357,000.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.