Churchill Capital Corp X/Cayman’s (NASDAQ:CCCXU – Get Free Report) lock-up period will expire on Monday, November 10th. Churchill Capital Corp X/Cayman had issued 36,000,000 shares in its public offering on May 14th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. After the end of Churchill Capital Corp X/Cayman’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Churchill Capital Corp X/Cayman Stock Down 5.4%
Churchill Capital Corp X/Cayman stock opened at $19.42 on Friday. Churchill Capital Corp X/Cayman has a 12-month low of $10.22 and a 12-month high of $31.05. The company has a 50 day moving average of $16.86.
Institutional Investors Weigh In On Churchill Capital Corp X/Cayman
Several hedge funds and other institutional investors have recently bought and sold shares of CCCXU. Fort Baker Capital Management LP acquired a new position in shares of Churchill Capital Corp X/Cayman in the 2nd quarter worth approximately $27,297,000. MMCAP International Inc. SPC acquired a new position in Churchill Capital Corp X/Cayman in the second quarter worth approximately $20,601,000. Magnetar Financial LLC bought a new position in shares of Churchill Capital Corp X/Cayman in the second quarter valued at $20,600,000. Harraden Circle Investments LLC acquired a new stake in shares of Churchill Capital Corp X/Cayman during the 2nd quarter valued at $19,086,000. Finally, Sculptor Capital LP bought a new stake in shares of Churchill Capital Corp X/Cayman during the 2nd quarter worth $18,541,000.
About Churchill Capital Corp X/Cayman
We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.
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