Apogee Acquisition Corp’s Lock-Up Period Will Expire Tomorrow (NASDAQ:AACP)

Apogee Acquisition’s (NASDAQ:AACP) lock-up period is set to end on Monday, October 5th. Apogee Acquisition had issued 15,000,000 shares in its public offering on April 7th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Apogee Acquisition in a report on Tuesday, August 25th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Apogee Acquisition Stock Performance

AACP opened at $10.07 on Friday. Apogee Acquisition has a 1-year low of $9.93 and a 1-year high of $10.10. The stock has a 50 day moving average price of $10.05.

About Apogee Acquisition

Apogee Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACP. The company was formed to identify and complete a business combination, such as a merger, stock exchange, or acquisition, with an operating business.

Unlike an operating company, Apogee Acquisition does not appear to offer products or services of its own. Its activities are primarily focused on raising capital through its public offering, evaluating potential acquisition targets, and pursuing a transaction intended to create a publicly traded operating company.

Specific information about Apogee Acquisition’s target industry, geographic operations, completed transactions, and leadership is limited in the available public information.