KRAKacquisition Corp’s Lock-Up Period Will Expire on July 27th (NASDAQ:KRAQ)

KRAKacquisition’s (NASDAQ:KRAQ) lock-up period is set to expire on Monday, July 27th. KRAKacquisition had issued 30,000,000 shares in its IPO on January 28th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

KRAKacquisition Price Performance

NASDAQ:KRAQ opened at $10.00 on Wednesday. The firm’s fifty day moving average price is $9.97. KRAKacquisition has a 52 week low of $9.78 and a 52 week high of $10.44.

KRAKacquisition Company Profile

Krakacquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.