Paloma Acquisition Corp I’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:PALO)

Paloma Acquisition Corp I’s (NASDAQ:PALO) lock-up period will end on Tuesday, August 18th. Paloma Acquisition Corp I had issued 15,000,000 shares in its public offering on February 19th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Paloma Acquisition Corp I Price Performance

PALO opened at $9.96 on Monday. The company has a 50 day simple moving average of $9.92. Paloma Acquisition Corp I has a 1-year low of $9.84 and a 1-year high of $9.95.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.