Oxley Bridge Acquisition Ltd’s Lock-Up Period Will Expire on December 22nd (NASDAQ:OBAWU)

Oxley Bridge Acquisition’s (NASDAQ:OBAWU) lock-up period is set to expire on Monday, December 22nd. Oxley Bridge Acquisition had issued 22,000,000 shares in its IPO on June 25th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Oxley Bridge Acquisition Stock Up 0.5%

OBAWU stock opened at $10.24 on Wednesday. Oxley Bridge Acquisition has a 1-year low of $10.00 and a 1-year high of $10.50. The company has a 50-day moving average price of $10.18.

Hedge Funds Weigh In On Oxley Bridge Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC raised its stake in Oxley Bridge Acquisition by 3,817.0% in the third quarter. FNY Investment Advisers LLC now owns 3,917 shares of the company’s stock worth $39,000 after buying an additional 3,817 shares in the last quarter. Alpine Global Management LLC bought a new stake in Oxley Bridge Acquisition during the 3rd quarter valued at $3,263,000. Clear Street Group Inc. purchased a new position in shares of Oxley Bridge Acquisition in the 3rd quarter valued at $682,000. BCK Capital Management LP raised its position in shares of Oxley Bridge Acquisition by 28.1% in the 3rd quarter. BCK Capital Management LP now owns 68,873 shares of the company’s stock worth $691,000 after acquiring an additional 15,123 shares in the last quarter. Finally, Readystate Asset Management LP lifted its stake in shares of Oxley Bridge Acquisition by 50.0% during the 3rd quarter. Readystate Asset Management LP now owns 225,000 shares of the company’s stock worth $2,261,000 after purchasing an additional 75,000 shares during the last quarter.

About Oxley Bridge Acquisition

We are a blank check company incorporated on August 6, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.