FortuneX Acquisition’s (NASDAQ:FXAC – Get Free Report) lock-up period is set to end on Wednesday, November 18th. FortuneX Acquisition had issued 7,500,000 shares in its public offering on May 22nd. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of FortuneX Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
FortuneX Acquisition Stock Performance
Shares of NASDAQ:FXAC opened at $10.15 on Friday. FortuneX Acquisition has a 52-week low of $9.97 and a 52-week high of $10.43. The firm has a fifty day moving average of $10.11.
FortuneX Acquisition Company Profile
FortuneX Acquisition is a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, FortuneX does not offer products or services of its own. Its business activity centers on identifying and completing a transaction with a target company. Information about its leadership, geographic focus and any completed business combination is not included here.
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