Maywood Acquisition Corp. 2 Units’ (NASDAQ:MYXXU – Get Free Report) lock-up period is set to expire on Monday, October 12th. Maywood Acquisition Corp. 2 Units had issued 10,000,000 shares in its public offering on April 14th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Maywood Acquisition Corp. 2 Units Stock Up 4.8%
Shares of NASDAQ MYXXU opened at $10.69 on Friday. Maywood Acquisition Corp. 2 Units has a twelve month low of $9.98 and a twelve month high of $10.53. The business’s fifty day moving average price is $10.21.
Maywood Acquisition Corp. 2 Units Company Profile
Maywood Acquisition Corp. 2 Units (NASDAQ: MYXXU) is a special purpose acquisition company, or SPAC. The company was formed to raise capital through an initial public offering and use the proceeds to pursue a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more private companies.
The units represent securities issued in connection with Maywood Acquisition Corp. 2’s offering and are expected to be separable into their component securities under the terms described in the company’s offering documents.
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