Silver Run Acquisition II Corp’s (SRUNU) Lock-Up Period Set To End on September 20th

Silver Run Acquisition II Corp’s (NASDAQ:SRUNU) lock-up period is set to end on Wednesday, September 20th. Silver Run Acquisition II Corp had issued 90,000,000 shares in its public offering on March 24th. The total size of the offering was $900,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

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Silver Run Acquisition II Corp (SRUNU) opened at 10.65 on Friday. Silver Run Acquisition II Corp has a 1-year low of $10.20 and a 1-year high of $11.00.

Hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new position in shares of Silver Run Acquisition II Corp during the second quarter valued at approximately $293,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Silver Run Acquisition II Corp by 17.5% during the second quarter. Tocqueville Asset Management L.P. now owns 134,255 shares of the company’s stock valued at $1,434,000 after purchasing an additional 20,000 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Silver Run Acquisition II Corp by 0.4% during the second quarter. TD Asset Management Inc. now owns 1,027,700 shares of the company’s stock valued at $10,991,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC lifted its holdings in shares of Silver Run Acquisition II Corp by 6.7% during the second quarter. Locust Wood Capital Advisers LLC now owns 1,108,307 shares of the company’s stock valued at $11,839,000 after purchasing an additional 69,310 shares during the last quarter.

Silver Run Acquisition II Corp Company Profile

Silver Run Acquisition Corporation II is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on its search for a target business in the energy industry.

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