Andina Acquisition Corp. III’s (OTCMKTS:SAMAU) lock-up period is set to expire on Monday, June 10th. Andina Acquisition Corp. III had issued 13,000,000 shares in its IPO on December 11th. The total size of the offering was $130,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Shares of SAMAU stock opened at $10.18 on Monday. Andina Acquisition Corp. III has a one year low of $9.91 and a one year high of $10.23.

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Andina Acquisition Corp. III Company Profile

Schultze Special Purpose Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in Rye Brook, New York.

Further Reading: Golden Cross

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