Black Spade Acquisition II Co’s Lock-Up Period Will Expire Tomorrow (NASDAQ:BSIIU)

Posted by Anthony Miller on Feb 23rd, 2025

Black Spade Acquisition II’s (NASDAQ:BSIIU – Get Free Report) lock-up period is set to expire on Monday, February 24th. Black Spade Acquisition II had issued 15,000,000 shares in its initial public offering on August 28th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Black Spade Acquisition II Stock Performance

Shares of BSIIU opened at $10.09 on Friday. The firm has a fifty day moving average price of $10.13. Black Spade Acquisition II has a 1 year low of $9.86 and a 1 year high of $10.30.

Institutional Investors Weigh In On Black Spade Acquisition II

Several institutional investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Black Spade Acquisition II during the 3rd quarter worth $13,944,000. Magnetar Financial LLC boosted its position in shares of Black Spade Acquisition II by 31.1% in the 4th quarter. Magnetar Financial LLC now owns 470,071 shares of the company’s stock worth $4,734,000 after buying an additional 111,643 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of Black Spade Acquisition II in the 3rd quarter worth about $3,890,000. Athos Capital Ltd purchased a new stake in shares of Black Spade Acquisition II in the 3rd quarter worth about $2,490,000. Finally, Whitebox Advisors LLC purchased a new stake in shares of Black Spade Acquisition II in the 3rd quarter worth about $2,490,000.

Black Spade Acquisition II Company Profile

(Get Free Report)

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.