Pono Capital Two, Inc.’s (NASDAQ:PTWOU) Lock-Up Period Set To End on February 1st

Pono Capital Two’s (NASDAQ:PTWOUGet Rating) lock-up period is set to end on Wednesday, February 1st. Pono Capital Two had issued 10,000,000 shares in its IPO on August 5th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Pono Capital Two Stock Performance

NASDAQ PTWOU opened at $10.36 on Wednesday. Pono Capital Two has a one year low of $9.99 and a one year high of $10.63. The firm has a 50 day simple moving average of $10.32.

Institutional Trading of Pono Capital Two

A number of hedge funds have recently made changes to their positions in PTWOU. Ergoteles LLC acquired a new stake in shares of Pono Capital Two during the third quarter worth approximately $101,000. Clear Street LLC acquired a new stake in shares of Pono Capital Two during the third quarter worth approximately $106,000. Condor Capital Management acquired a new stake in shares of Pono Capital Two during the third quarter worth approximately $116,000. Sage Mountain Advisors LLC acquired a new stake in shares of Pono Capital Two during the third quarter worth approximately $218,000. Finally, Whitebox Advisors LLC acquired a new stake in shares of Pono Capital Two during the third quarter worth approximately $355,000.

About Pono Capital Two

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Pono Capital Two, Inc focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence companies, consumer healthcare and wellness, biomedical technology, entertainment/gaming companies, distance learning, and e-sports companies.

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