Global Lights Acquisition Corp’s Lock-Up Period Set To End on May 13th (NASDAQ:GLACU)

Global Lights Acquisition’s (NASDAQ:GLACU) lock-up period is set to expire on Monday, May 13th. Global Lights Acquisition had issued 6,000,000 shares in its IPO on November 14th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Global Lights Acquisition Stock Performance

Shares of GLACU stock opened at $10.38 on Friday. The company’s 50-day simple moving average is $10.39 and its two-hundred day simple moving average is $10.30. Global Lights Acquisition has a one year low of $10.14 and a one year high of $10.50.

Institutional Investors Weigh In On Global Lights Acquisition

Several hedge funds have recently made changes to their positions in the company. HGC Investment Management Inc. bought a new position in shares of Global Lights Acquisition during the fourth quarter valued at approximately $3,075,000. Oaktree Capital Management LP bought a new position in Global Lights Acquisition in the fourth quarter worth approximately $2,050,000. Schechter Investment Advisors LLC purchased a new stake in Global Lights Acquisition during the fourth quarter worth $1,010,000. Clear Street LLC bought a new stake in Global Lights Acquisition during the 4th quarter valued at $363,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Global Lights Acquisition in the 4th quarter valued at $205,000.

Global Lights Acquisition Company Profile

Global Lights Acquisition Corp intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.