Nebula Acquisition Corp’s (NEBUU) Lock-Up Period Set To End on July 9th

Nebula Acquisition’s (NASDAQ:NEBUU) lock-up period will end on Monday, July 9th. Nebula Acquisition had issued 25,000,000 shares in its IPO on January 10th. The total size of the offering was $250,000,000 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.

Nebula Acquisition opened at $10.07 on Wednesday, according to Marketbeat.com. Nebula Acquisition has a 12 month low of $9.96 and a 12 month high of $10.15.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park West Asset Management LLC purchased a new stake in Nebula Acquisition in the 1st quarter valued at $20,240,000. Highbridge Capital Management LLC purchased a new stake in shares of Nebula Acquisition during the 1st quarter valued at $13,098,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Nebula Acquisition during the 1st quarter valued at $12,690,000. OZ Management LP purchased a new stake in shares of Nebula Acquisition during the 1st quarter valued at $10,120,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Nebula Acquisition during the 1st quarter valued at $4,554,000.

About Nebula Acquisition

Nebula Acquisition Corporation is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search for a target business in the technology industry.