Yorkville Acquisition Corp.’s Lock-Up Period Will Expire on December 24th (NASDAQ:YORKU)

Yorkville Acquisition’s (NASDAQ:YORKU) lock-up period will expire on Wednesday, December 24th. Yorkville Acquisition had issued 15,000,000 shares in its IPO on June 27th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Yorkville Acquisition Price Performance

NASDAQ:YORKU opened at $10.26 on Friday. Yorkville Acquisition has a fifty-two week low of $10.45 and a fifty-two week high of $12.50. The business’s fifty day moving average is $10.56.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Azora Capital LP acquired a new stake in Yorkville Acquisition in the 2nd quarter worth about $135,000. Virtu Financial LLC purchased a new position in shares of Yorkville Acquisition in the third quarter valued at approximately $159,000. Jane Street Group LLC purchased a new position in shares of Yorkville Acquisition in the second quarter valued at approximately $164,000. Bluefin Capital Management LLC acquired a new stake in shares of Yorkville Acquisition in the second quarter worth approximately $225,000. Finally, BCK Capital Management LP purchased a new stake in shares of Yorkville Acquisition during the second quarter worth approximately $281,000.

About Yorkville Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company with limited liability and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving one or more businesses, which we refer to throughout this prospectus as our initial business combination.