Black Spade Acquisition II Co’s (NASDAQ:BSIIU) Lock-Up Period Set To End on February 24th

Black Spade Acquisition II’s (NASDAQ:BSIIU) lock-up period will end on Monday, February 24th. Black Spade Acquisition II had issued 15,000,000 shares in its IPO on August 28th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of Black Spade Acquisition II’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Black Spade Acquisition II Price Performance

BSIIU stock opened at $10.20 on Wednesday. The company has a 50-day simple moving average of $10.08. Black Spade Acquisition II has a 12 month low of $9.86 and a 12 month high of $10.30.

Institutional Trading of Black Spade Acquisition II

A number of hedge funds and other institutional investors have recently modified their holdings of BSIIU. K2 Principal Fund L.P. acquired a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth approximately $3,890,000. Rivernorth Capital Management LLC acquired a new stake in Black Spade Acquisition II during the third quarter worth $1,698,000. Polar Asset Management Partners Inc. acquired a new stake in Black Spade Acquisition II during the third quarter worth $13,944,000. Spartan Fund Management Inc. purchased a new stake in Black Spade Acquisition II in the third quarter valued at $996,000. Finally, Tidal Investments LLC acquired a new position in shares of Black Spade Acquisition II in the 3rd quarter valued at $561,000.

Black Spade Acquisition II Company Profile

We are a blank check company incorporated under the laws of the Cayman Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination.