Black Spade Acquisition II Co’s (NASDAQ:BSIIU) Lock-Up Period Set To Expire on February 24th

Black Spade Acquisition II’s (NASDAQ:BSIIU) lock-up period is set to expire on Monday, February 24th. Black Spade Acquisition II had issued 15,000,000 shares in its IPO on August 28th. The total size of the offering was $150,000,000 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 expiration of the lock-up period.

Black Spade Acquisition II Stock Performance

Shares of Black Spade Acquisition II stock opened at $10.14 on Friday. The firm has a fifty day simple moving average of $10.13. Black Spade Acquisition II has a 12 month low of $9.86 and a 12 month high of $10.30.

Hedge Funds Weigh In On Black Spade Acquisition II

Several institutional investors have recently bought and sold shares of BSIIU. ATW Spac Management LLC acquired a new position in Black Spade Acquisition II in the 3rd quarter valued at $316,000. Parallax Volatility Advisers L.P. acquired a new position in Black Spade Acquisition II in the 3rd quarter valued at $499,000. Tidal Investments LLC purchased a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $561,000. Periscope Capital Inc. purchased a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $1,496,000. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $1,698,000.

About Black Spade Acquisition II

We are a blank check company incorporated under the laws of the Cayman Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination.