Spark I Acquisition Co.’s Lock-Up Period Set To Expire on April 3rd (NASDAQ:SPKLU)

Spark I Acquisition’s (NASDAQ:SPKLU) lock-up period will expire on Wednesday, April 3rd. Spark I Acquisition had issued 10,000,000 shares in its IPO on October 6th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Spark I Acquisition Price Performance

Shares of NASDAQ SPKLU opened at $10.35 on Wednesday. The firm has a 50 day moving average price of $10.47. Spark I Acquisition has a 52 week low of $10.08 and a 52 week high of $12.30.

Institutional Investors Weigh In On Spark I Acquisition

Large investors have recently made changes to their positions in the company. Tuttle Capital Management LLC bought a new stake in Spark I Acquisition during the fourth quarter worth approximately $153,000. Calamos Advisors LLC bought a new stake in Spark I Acquisition during the fourth quarter worth approximately $252,000. Wolverine Asset Management LLC bought a new stake in Spark I Acquisition during the fourth quarter worth approximately $918,000. Schechter Investment Advisors LLC bought a new stake in Spark I Acquisition during the fourth quarter worth approximately $2,982,000. Finally, MMCAP International Inc. SPC bought a new stake in Spark I Acquisition during the fourth quarter worth approximately $3,570,000.

Spark I Acquisition Company Profile

Spark I Acquisition Corporation operates as a blank check company that intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Palo Alto, California.