QuasarEdge Acquisition Corporation’s Lock-Up Period Set To Expire Tomorrow (NYSE:QRED)

QuasarEdge Acquisition’s (NYSE:QRED) lock-up period will expire on Monday, October 12th. QuasarEdge Acquisition had issued 10,000,000 shares in its initial public offering on April 15th. The total size of the offering was $100,000,000 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 end of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on QuasarEdge Acquisition in a research note on Tuesday, September 22nd. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

QuasarEdge Acquisition Price Performance

QRED opened at $10.06 on Friday. QuasarEdge Acquisition has a twelve month low of $9.87 and a twelve month high of $10.06. The business’s 50-day moving average price is $10.04.

QuasarEdge Acquisition Company Profile

QuasarEdge Acquisition Corp is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. QuasarEdge Acquisition Corp is based in NEW YORK.