Plutonian Acquisition Corp II’s Lock-Up Period Set To End on October 26th (NYSE:PLUN)

Plutonian Acquisition Corp II’s (NYSE:PLUN) lock-up period will end on Monday, October 26th. Plutonian Acquisition Corp II had issued 10,000,000 shares in its public offering on April 28th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of analysts recently issued reports on PLUN shares. Wall Street Zen upgraded Plutonian Acquisition Corp II to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings assumed coverage on Plutonian Acquisition Corp II in a report on Monday, September 14th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Plutonian Acquisition Corp II Trading Down 0.3%

Shares of NYSE PLUN opened at $10.12 on Friday. Plutonian Acquisition Corp II has a 12-month low of $9.94 and a 12-month high of $10.16. The firm’s fifty day moving average is $10.07.

About Plutonian Acquisition Corp II

Plutonian Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses or entities. The company does not currently operate a commercial business or offer products and services to customers.

Its proposed transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination. Until a transaction is completed, Plutonian Acquisition Corp.