Columbus Acquisition Corp/Cayman Islands’ Lock-Up Period Will End on July 22nd (NASDAQ:COLAU)

Columbus Acquisition Corp/Cayman Islands’ (NASDAQ:COLAU) lock-up period is set to end on Tuesday, July 22nd. Columbus Acquisition Corp/Cayman Islands had issued 6,000,000 shares in its initial public offering on January 23rd. 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.

Columbus Acquisition Corp/Cayman Islands Trading Up 1.7%

Shares of COLAU opened at $10.47 on Thursday. The company’s fifty day simple moving average is $10.47. Columbus Acquisition Corp/Cayman Islands has a 12 month low of $10.01 and a 12 month high of $10.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Crossingbridge Advisors LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands in the 1st quarter worth about $2,538,000. Gabelli Funds LLC purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the 1st quarter valued at about $1,069,000. Heights Capital Management Inc. bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the first quarter worth approximately $2,030,000. AQR Arbitrage LLC purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands during the first quarter valued at approximately $3,042,000. Finally, HGC Investment Management Inc. purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands during the first quarter valued at approximately $3,045,000.

Columbus Acquisition Corp/Cayman Islands Company Profile

We are a blank check company incorporated in the Cayman Islands on January 18, 2024 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares).