Spring Valley Acquisition Corp. IV’s Lock-Up Period Set To End Tomorrow (NASDAQ:SVIV)

Spring Valley Acquisition Corp. IV’s (NASDAQ:SVIV) lock-up period will expire on Monday, August 10th. Spring Valley Acquisition Corp. IV had issued 20,000,000 shares in its initial public offering on February 10th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of Spring Valley Acquisition Corp. IV’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Spring Valley Acquisition Corp. IV in a research note on Friday, May 29th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Spring Valley Acquisition Corp. IV Stock Performance

Shares of Spring Valley Acquisition Corp. IV stock opened at $10.23 on Friday. Spring Valley Acquisition Corp. IV has a 12 month low of $9.55 and a 12 month high of $10.80. The company’s fifty day moving average price is $10.22.

About Spring Valley Acquisition Corp. IV

Spring Valley Acquisition Corp IV is a blank check company established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.