Qomolangma Acquisition's (NASDAQ:QOMOU – Get Rating) lock-up period is set to expire on Wednesday, March 29th. Qomolangma Acquisition had issued 5,000,000 shares in its initial public offering on September 30th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. After the expiration of Qomolangma Acquisition's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Qomolangma Acquisition Price Performance
Shares of NASDAQ QOMOU opened at $10.38 on Wednesday. Qomolangma Acquisition has a 1 year low of $9.97 and a 1 year high of $10.38. The company's 50-day simple moving average is $10.32.
Get Qomolangma Acquisition alerts:Institutional Trading of Qomolangma Acquisition
An institutional investor recently bought a new position in Qomolangma Acquisition stock. Wealthspring Capital LLC bought a new stake in shares of Qomolangma Acquisition Corp. (NASDAQ:QOMOU – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,150 shares of the company's stock, valued at approximately $254,000.
About Qomolangma Acquisition
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Qomolangma Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire businesses in the Internet and high technology, financial technology, clean energy, agriculture machinery, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors primarily in Asian markets.
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