Shreya Acquisition Group’s Lock-Up Period Set To End on November 3rd (NYSE:SAGU)

Shreya Acquisition Group’s (NYSE:SAGU) lock-up period is set to end on Tuesday, November 3rd. Shreya Acquisition Group had issued 10,000,000 shares in its IPO on May 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Shreya Acquisition Group in a research report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Shreya Acquisition Group Stock Performance

Shares of Shreya Acquisition Group stock opened at $10.04 on Friday. The business’s 50 day moving average is $10.03. Shreya Acquisition Group has a twelve month low of $9.85 and a twelve month high of $10.12.

Shreya Acquisition Group Company Profile

Shreya Acquisition Group is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Shreya Acquisition Group is based in NEW YORK.