Spark I Acquisition Co.’s Lock-Up Period Set To End on April 3rd (NASDAQ:SPKLU)

Spark I Acquisition’s (NASDAQ:SPKLU) lock-up period will end on Wednesday, April 3rd. Spark I Acquisition had issued 10,000,000 shares in its public offering on October 6th. The total size of the offering was $100,000,000 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.

Spark I Acquisition Stock Performance

Spark I Acquisition stock opened at $10.35 on Friday. The business’s 50 day moving average price is $10.47. Spark I Acquisition has a 1-year low of $10.08 and a 1-year high of $12.30.

Institutional Investors Weigh In On Spark I Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the company. HGC Investment Management Inc. bought a new stake in shares of Spark I Acquisition in the 4th quarter worth about $9,690,000. Westchester Capital Management LLC purchased a new position in Spark I Acquisition in the 4th quarter worth about $5,071,000. MMCAP International Inc. SPC purchased a new position in Spark I Acquisition in the 4th quarter worth about $3,570,000. Schechter Investment Advisors LLC purchased a new position in Spark I Acquisition in the 4th quarter worth about $2,982,000. Finally, Wolverine Asset Management LLC purchased a new position in Spark I Acquisition in the 4th quarter worth about $918,000.

Spark I Acquisition Company Profile

Spark I Acquisition Corporation operates as a blank check company that intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Palo Alto, California.