EGH Acquisition Corp.’s Lock-Up Period Set To End on November 5th (NASDAQ:EGHAU)

EGH Acquisition’s (NASDAQ:EGHAU) lock-up period is set to expire on Wednesday, November 5th. EGH Acquisition had issued 15,000,000 shares in its initial public offering on May 9th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

EGH Acquisition Trading Up 1.2%

Shares of EGH Acquisition stock opened at $10.33 on Friday. EGH Acquisition has a 1 year low of $10.02 and a 1 year high of $11.00. The business’s 50-day simple moving average is $10.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGHAU. AQR Arbitrage LLC bought a new position in EGH Acquisition during the 2nd quarter worth about $12,401,000. Linden Advisors LP bought a new position in EGH Acquisition during the 2nd quarter worth about $12,228,000. LMR Partners LLP bought a new position in EGH Acquisition during the 2nd quarter worth about $7,133,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of EGH Acquisition in the 2nd quarter valued at about $7,133,000. Finally, Magnetar Financial LLC bought a new stake in shares of EGH Acquisition in the 2nd quarter valued at about $6,114,000.

About EGH Acquisition

We are a blank check company newly incorporated on January 9, 2025 as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (our “initial business combination”).