Peace Acquisition Corp’s Lock-Up Period Set To Expire on November 18th (NASDAQ:PECE)

Peace Acquisition’s (NASDAQ:PECE) lock-up period is set to expire on Wednesday, November 18th. Peace Acquisition had issued 6,000,000 shares in its public offering on May 22nd. The total size of the offering was $60,000,000 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Peace Acquisition in a report on Friday, August 28th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Peace Acquisition Price Performance

Shares of NASDAQ:PECE opened at $10.06 on Friday. Peace Acquisition has a 1 year low of $9.87 and a 1 year high of $10.07. The business’s 50-day moving average price is $10.02.

Peace Acquisition (NASDAQ:PECE) last posted its earnings results on Tuesday, November 10th. The company reported $0.07 earnings per share (EPS) for the quarter.

About Peace Acquisition

Peace Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, Peace Acquisition does not have established products or services of its own. Its business activity centers on identifying and completing a suitable transaction; until then, its prospects depend on finding a business combination and obtaining the required approvals.