Mana Capital Acquisition Corp.’s (NASDAQ:MAAQU) Lock-Up Period Will Expire on May 23rd

Mana Capital Acquisition’s (NASDAQ:MAAQUGet Rating) lock-up period will expire on Monday, May 23rd. Mana Capital Acquisition had issued 6,200,000 shares in its initial public offering on November 23rd. The total size of the offering was $62,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

NASDAQ:MAAQU opened at $10.27 on Monday. The stock has a 50 day moving average of $10.19. Mana Capital Acquisition has a 12 month low of $9.47 and a 12 month high of $10.71.

A number of hedge funds have recently bought and sold shares of MAAQU. Yakira Capital Management Inc. purchased a new position in shares of Mana Capital Acquisition in the fourth quarter worth approximately $2,050,000. Context Capital Management LLC bought a new position in Mana Capital Acquisition in the fourth quarter worth approximately $2,563,000. Wolverine Asset Management LLC purchased a new position in shares of Mana Capital Acquisition during the 4th quarter worth $2,562,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Mana Capital Acquisition during the 4th quarter valued at $472,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Mana Capital Acquisition in the 4th quarter worth $1,896,000.

About Mana Capital Acquisition (Get Rating)

Mana Capital Acquisition Corp. focuses on engaging in a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on businesses operating in the healthcare, technology, green economy, and consumer products sectors in North America, Europe, and Asia.

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