Aparadise Acquisition Corp.’s (NASDAQ:APADU) Lock-Up Period Will End on January 26th

Aparadise Acquisition’s (NASDAQ:APADU) lock-up period will expire on Monday, January 26th. Aparadise Acquisition had issued 20,000,000 shares in its initial public offering on July 30th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of Aparadise Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Aparadise Acquisition Price Performance

APADU opened at $10.31 on Wednesday. Aparadise Acquisition has a 12 month low of $9.98 and a 12 month high of $11.00. The company has a 50-day simple moving average of $10.28.

Hedge Funds Weigh In On Aparadise Acquisition

Hedge funds have recently made changes to their positions in the stock. Magnetar Financial LLC purchased a new stake in shares of Aparadise Acquisition during the 3rd quarter valued at $7,984,000. Millennium Management LLC acquired a new stake in Aparadise Acquisition during the third quarter worth about $5,464,000. Clear Street Group Inc. purchased a new position in shares of Aparadise Acquisition in the 3rd quarter worth about $3,274,000. Steadfast Capital Management LP purchased a new position in shares of Aparadise Acquisition in the 3rd quarter worth about $2,994,000. Finally, Heights Capital Management Inc. acquired a new position in shares of Aparadise Acquisition in the 3rd quarter valued at about $1,996,000.

About Aparadise Acquisition

Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.

Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.