Global Lights Acquisition Corp’s Lock-Up Period Will Expire on May 13th (NASDAQ:GLACU)

Global Lights Acquisition’s (NASDAQ:GLACU) lock-up period will end on Monday, May 13th. Global Lights Acquisition had issued 6,000,000 shares in its public offering on November 14th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Global Lights Acquisition Stock Performance

NASDAQ GLACU opened at $10.38 on Monday. Global Lights Acquisition has a one year low of $10.14 and a one year high of $10.50. The firm’s fifty day moving average is $10.38 and its two-hundred day moving average is $10.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLACU. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Global Lights Acquisition during the fourth quarter worth about $205,000. Clear Street LLC acquired a new stake in shares of Global Lights Acquisition in the 4th quarter worth approximately $363,000. Schechter Investment Advisors LLC purchased a new position in Global Lights Acquisition in the 4th quarter valued at approximately $1,010,000. Oaktree Capital Management LP purchased a new stake in Global Lights Acquisition during the fourth quarter worth $2,050,000. Finally, HGC Investment Management Inc. acquired a new stake in Global Lights Acquisition in the fourth quarter valued at $3,075,000.

Global Lights Acquisition Company Profile

Global Lights Acquisition Corp intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.