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 will end 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 Trading Up 0.8 %

NASDAQ:BSIIU opened at $10.20 on Wednesday. The business has a fifty day simple moving average of $10.08. Black Spade Acquisition II has a 1-year low of $9.86 and a 1-year high of $10.30.

Institutional Trading of Black Spade Acquisition II

A number of hedge funds have recently modified their holdings of BSIIU. Polar Asset Management Partners Inc. acquired a new stake in Black Spade Acquisition II during the third quarter valued at $13,944,000. Magnetar Financial LLC grew its position in shares of Black Spade Acquisition II by 31.1% during the 4th quarter. Magnetar Financial LLC now owns 470,071 shares of the company’s stock valued at $4,734,000 after acquiring an additional 111,643 shares during the period. K2 Principal Fund L.P. purchased a new position in shares of Black Spade Acquisition II in the 3rd quarter valued at about $3,890,000. Whitebox Advisors LLC purchased a new position in shares of Black Spade Acquisition II in the 3rd quarter valued at about $2,490,000. Finally, Athos Capital Ltd acquired a new position in Black Spade Acquisition II in the 3rd quarter worth about $2,490,000.

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.