DT Cloud Acquisition Co.’s Lock-Up Period To Expire Tomorrow (NASDAQ:DYCQU)

DT Cloud Acquisition’s (NASDAQ:DYCQU) lock-up period is set to end on Monday, August 19th. DT Cloud Acquisition had issued 6,000,000 shares in its IPO on February 21st. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

DT Cloud Acquisition Price Performance

Shares of DYCQU stock opened at $10.77 on Friday. DT Cloud Acquisition has a twelve month low of $10.11 and a twelve month high of $10.77. The company has a fifty day moving average price of $10.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Walleye Trading LLC bought a new stake in shares of DT Cloud Acquisition in the 1st quarter valued at approximately $1,097,000. CVI Holdings LLC acquired a new stake in shares of DT Cloud Acquisition during the first quarter worth $1,016,000. Spartan Fund Management Inc. bought a new position in shares of DT Cloud Acquisition in the 1st quarter worth about $148,000. Shaolin Capital Management LLC acquired a new position in shares of DT Cloud Acquisition in the 1st quarter valued at about $1,524,000. Finally, Whitebox Advisors LLC bought a new stake in shares of DT Cloud Acquisition during the 1st quarter valued at about $1,090,000.

About DT Cloud Acquisition

DT Cloud Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was incorporated in 2022 and is based in London, the United Kingdom.