Indigo Acquisition Corp.’s Lock-Up Period Set To Expire on December 29th (NASDAQ:INACU)

Indigo Acquisition’s (NASDAQ:INACU) lock-up period is set to end on Monday, December 29th. Indigo Acquisition had issued 10,000,000 shares in its public offering on July 1st. 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.

Indigo Acquisition Stock Down 0.1%

Shares of NASDAQ INACU opened at $10.13 on Friday. Indigo Acquisition has a 52-week low of $10.01 and a 52-week high of $10.40. The firm’s 50 day moving average price is $10.19.

Institutional Trading of Indigo Acquisition

Several hedge funds have recently added to or reduced their stakes in the business. Bulldog Investors LLP acquired a new position in Indigo Acquisition in the third quarter valued at about $192,000. Citadel Advisors LLC acquired a new stake in shares of Indigo Acquisition during the third quarter worth about $199,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Indigo Acquisition during the 3rd quarter valued at about $202,000. Susquehanna International Group LLP acquired a new position in shares of Indigo Acquisition in the 3rd quarter valued at approximately $215,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Indigo Acquisition in the 3rd quarter valued at approximately $253,000.

Indigo Acquisition Company Profile

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.