Oceanhawk Acquisition Corp.’s (NASDAQ:OHAC) Lock-Up Period Set To End on November 17th

Oceanhawk Acquisition’s (NASDAQ:OHAC) lock-up period is set to expire on Tuesday, November 17th. Oceanhawk Acquisition had issued 16,000,000 shares in its public offering on May 21st. The total size of the offering was $160,000,000 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 expiration of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Oceanhawk Acquisition in a report on Monday, August 31st. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Oceanhawk Acquisition presently has a consensus rating of “Sell”.

Oceanhawk Acquisition Stock Performance

Shares of Oceanhawk Acquisition stock opened at $10.06 on Thursday. The stock’s fifty day simple moving average is $10.00. Oceanhawk Acquisition has a 12 month low of $9.86 and a 12 month high of $10.06.

Oceanhawk Acquisition Company Profile

Oceanhawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company was established to raise capital through a public offering and use those funds, subject to shareholder approval, to acquire or merge with a target business. As an acquisition company, Oceanhawk’s activities have primarily consisted of evaluating potential merger or acquisition opportunities, conducting due diligence, and managing the transaction process.