Apogee Acquisition Corp’s (NASDAQ:AACP) Lock-Up Period Will End on October 5th

Apogee Acquisition’s (NASDAQ:AACP) lock-up period will expire on Monday, October 5th. Apogee Acquisition had issued 15,000,000 shares in its IPO on April 7th. The total size of the offering was $150,000,000 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Apogee Acquisition in a report on Tuesday, August 25th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Apogee Acquisition Stock Performance

NASDAQ AACP opened at $10.07 on Wednesday. The firm has a 50 day simple moving average of $10.05. Apogee Acquisition has a 12-month low of $9.93 and a 12-month high of $10.10.

Apogee Acquisition Company Profile

Apogee Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACP. The company was formed to identify and complete a business combination, such as a merger, stock exchange, or acquisition, with an operating business.

Unlike an operating company, Apogee Acquisition does not appear to offer products or services of its own. Its activities are primarily focused on raising capital through its public offering, evaluating potential acquisition targets, and pursuing a transaction intended to create a publicly traded operating company.

Specific information about Apogee Acquisition’s target industry, geographic operations, completed transactions, and leadership is limited in the available public information.