Cantor Equity Partners II’s (NASDAQ:CEPT – Get Free Report) lock-up period will expire on Wednesday, October 29th. Cantor Equity Partners II had issued 24,000,000 shares in its initial public offering on May 2nd. The total size of the offering was $240,000,000 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.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Cantor Equity Partners II in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
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Cantor Equity Partners II Stock Up 0.7%
Hedge Funds Weigh In On Cantor Equity Partners II
Institutional investors and hedge funds have recently bought and sold shares of the company. Tuttle Capital Management LLC purchased a new position in Cantor Equity Partners II in the second quarter worth $496,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Cantor Equity Partners II in the second quarter valued at $290,000. Cannon Global Investment Management LLC purchased a new stake in Cantor Equity Partners II in the second quarter valued at $247,000. FNY Investment Advisers LLC purchased a new stake in Cantor Equity Partners II in the second quarter valued at $101,000. Finally, Magnetar Financial LLC purchased a new stake in Cantor Equity Partners II in the second quarter valued at $5,515,000.
About Cantor Equity Partners II
Cantor Equity Partners II, Inc is a blank check company. The company was founded on November 11, 2020 and is headquartered in New York, NY
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