Melar Acquisition Corp. I’s (NASDAQ:MACIU – Get Free Report) lock-up period is set to expire on Monday, December 16th. Melar Acquisition Corp. I had issued 15,000,000 shares in its IPO on June 18th. 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.
Melar Acquisition Corp. I Price Performance
Shares of MACIU opened at $10.12 on Friday. The company’s 50 day moving average price is $10.15. Melar Acquisition Corp. I has a one year low of $9.99 and a one year high of $10.64.
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