IB Acquisition Corp.’s (NASDAQ:IBACU) Lock-Up Period To End on September 23rd

IB Acquisition’s (NASDAQ:IBACU) lock-up period will expire on Monday, September 23rd. IB Acquisition had issued 10,000,000 shares in its public offering on March 26th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

IB Acquisition Price Performance

Shares of IB Acquisition stock opened at $10.05 on Wednesday. The firm’s 50-day simple moving average is $10.05. IB Acquisition has a 1-year low of $9.97 and a 1-year high of $10.06.

Hedge Funds Weigh In On IB Acquisition

A number of hedge funds have recently bought and sold shares of IBACU. Deltec Asset Management LLC bought a new stake in shares of IB Acquisition during the first quarter valued at approximately $1,001,000. Wealthspring Capital LLC bought a new stake in IB Acquisition during the first quarter worth approximately $4,711,000. Walleye Trading LLC bought a new stake in IB Acquisition during the first quarter worth approximately $360,000. CVI Holdings LLC bought a new stake in IB Acquisition during the first quarter worth approximately $2,501,000. Finally, Virtu Financial LLC acquired a new position in IB Acquisition in the first quarter worth approximately $209,000.

About IB Acquisition

IB Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boca Raton, Florida.