Global Technology Acquisition Corp. I’s (NASDAQ:GTACU) Lock-Up Period Will Expire on April 19th

Global Technology Acquisition Corp. I’s (NASDAQ:GTACU – Get Rating) lock-up period is set to end on Tuesday, April 19th. Global Technology Acquisition Corp. I had issued 17,500,000 shares in its public offering on October 21st. The total size of the offering was $175,000,000 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.

Global Technology Acquisition Corp. I stock opened at $10.14 on Friday. Global Technology Acquisition Corp. I has a fifty-two week low of $9.97 and a fifty-two week high of $10.40. The stock has a fifty day moving average price of $10.06.

Several institutional investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Global Technology Acquisition Corp. I in the fourth quarter worth $1,263,000. Millennium Management LLC bought a new position in shares of Global Technology Acquisition Corp. I in the fourth quarter worth $4,147,000. Castle Creek Arbitrage LLC bought a new position in shares of Global Technology Acquisition Corp. I in the fourth quarter worth $151,000. Cubist Systematic Strategies LLC bought a new position in shares of Global Technology Acquisition Corp. I in the fourth quarter worth $1,295,000. Finally, 683 Capital Management LLC bought a new position in Global Technology Acquisition Corp. I in the fourth quarter valued at $10,403,000.

About Global Technology Acquisition Corp. I (Get Rating)

Global Technology Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. It focuses on technology companies that operate in the marketplace, financial technology, and software-as-a-service verticals.

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