Bluemount Holdings Limited’s (NASDAQ:BMHL) Lock-Up Period Will Expire on January 7th
by Danessa Lincoln · The Markets DailyBluemount’s (NASDAQ:BMHL – Get Free Report) lock-up period will expire on Wednesday, January 7th. Bluemount had issued 1,375,000 shares in its public offering on July 11th. The total size of the offering was $5,500,000 based on an initial share price of $4.00. After the end of Bluemount’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Bluemount in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Stock Analysis on BMHL
Bluemount Price Performance
Shares of NASDAQ BMHL opened at $3.33 on Friday. Bluemount has a 12 month low of $2.72 and a 12 month high of $4.49. The company’s fifty day moving average is $3.44.
Institutional Investors Weigh In On Bluemount
An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC acquired a new position in shares of Bluemount Holdings Limited (NASDAQ:BMHL – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned approximately 0.23% of Bluemount as of its most recent filing with the Securities and Exchange Commission.
Bluemount Company Profile
Bluemount, Inc is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company and listed on the Nasdaq Stock Market under the ticker symbol BMHL. As a blank check company, Bluemount has no ongoing commercial operations and was formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination.
Following its public listing, Bluemount holds its proceeds in a trust account until it identifies and completes a business combination with one or more target companies.