Translational Development Acquisition Corp.’s (NASDAQ:TDACU) Lock-Up Period Set To End Tomorrow

Translational Development Acquisition’s (NASDAQ:TDACU) lock-up period will expire on Monday, June 23rd. Translational Development Acquisition had issued 15,000,000 shares in its public offering on December 23rd. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of Translational Development Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Translational Development Acquisition Price Performance

Shares of TDACU opened at $10.35 on Friday. Translational Development Acquisition has a 52 week low of $10.00 and a 52 week high of $10.42. The firm has a fifty day moving average price of $10.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Parallax Volatility Advisers L.P. bought a new position in Translational Development Acquisition during the 4th quarter worth $929,000. Wealthspring Capital LLC bought a new position in Translational Development Acquisition during the 4th quarter worth $1,095,000. Yakira Capital Management Inc. bought a new position in Translational Development Acquisition during the 4th quarter worth $1,106,000. Tabor Asset Management LP bought a new position in Translational Development Acquisition during the 1st quarter worth $1,106,000. Finally, Warberg Asset Management LLC bought a new position in Translational Development Acquisition during the 4th quarter worth $1,373,000.

About Translational Development Acquisition

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.