Quetta Acquisition Co.’s (NASDAQ:QETAU) Lock-Up Period Set To Expire on April 3rd

Quetta Acquisition’s (NASDAQ:QETAU) lock-up period is set to expire on Wednesday, April 3rd. Quetta Acquisition had issued 6,000,000 shares in its public offering on October 6th. The total size of the offering was $60,000,000 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 expiration of the lock-up period.

Quetta Acquisition Price Performance

Shares of NASDAQ QETAU opened at $10.28 on Wednesday. Quetta Acquisition has a fifty-two week low of $10.05 and a fifty-two week high of $10.96. The firm’s 50 day simple moving average is $10.28.

Hedge Funds Weigh In On Quetta Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Calamos Advisors LLC bought a new stake in shares of Quetta Acquisition during the fourth quarter valued at approximately $151,000. Clear Street LLC bought a new stake in shares of Quetta Acquisition during the fourth quarter valued at approximately $170,000. Oaktree Capital Management LP bought a new stake in shares of Quetta Acquisition during the fourth quarter valued at approximately $296,000. Whitebox Advisors LLC bought a new stake in shares of Quetta Acquisition during the fourth quarter valued at approximately $306,000. Finally, Citadel Advisors LLC bought a new stake in shares of Quetta Acquisition during the fourth quarter valued at approximately $357,000.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.