Maywood Acquisition Corp. 2 Units’ Lock-Up Period To Expire Tomorrow (NASDAQ:MYXXU)

Maywood Acquisition Corp. 2 Units’ (NASDAQ:MYXXU – Get Free Report) lock-up period is set to end on Monday, October 12th. Maywood Acquisition Corp. 2 Units had issued 10,000,000 shares in its initial public offering on April 14th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of Maywood Acquisition Corp. 2 Units’ lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Maywood Acquisition Corp. 2 Units Price Performance

Shares of NASDAQ MYXXU opened at $10.20 on Friday. Maywood Acquisition Corp. 2 Units has a twelve month low of $9.98 and a twelve month high of $10.53. The firm has a 50-day simple moving average of $10.22.

Maywood Acquisition Corp. 2 Units Company Profile

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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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