The Worldwide Webb Acquisition (NASDAQ:WWACU – Get Rating) lock-up period is scheduled to end on Monday, April 18. Worldwide Webb Acquisition had issued 20,000,000 shares when it went public on October 20. The total offer size was $200,000,000 based on an initial share price of $10.00. Company shares held by major shareholders and company insiders will be eligible for trading after the lock-up period ends.

Webb Acquisition global shares opened at $9.94 on Friday. Worldwide Webb Acquisition has a one-year low of $9.04 and a one-year high of $10.75. The stock’s 50-day moving average is $9.95.

A number of institutional investors and hedge funds have recently changed their holdings in WWACU. Wolverine Asset Management LLC bought a new position in Worldwide Webb Acquisition in Q4 worth $199,000. Landscape Capital Management LLC bought a new position in Worldwide Webb Acquisition in the 4th quarter at a value of $257,000. Kawa Capital Management Inc bought a new position in Worldwide Webb Acquisition in Q4 worth $499,000. Centiva Capital LP bought a new position in Worldwide Webb Acquisition in Q4 worth $511,000. Finally, CSS LLC IL bought a new position in Worldwide Webb Acquisition in the 4th quarter at a value of $902,000.

Webb Global Acquisition Company Profile (Get an assessment)

Worldwide Webb Acquisition Corp. is focused on completing a related merger, stock exchange, asset acquisition, stock purchase, reorganization or business combination with one or more businesses. He intends to identify business opportunities in direct-to-consumer brands, Amazon-centric online marketplaces, food technologies, new media, digital health, software as a service, fintech and others.

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