Quantum Leap Acquisition Corp’s (NYSE:QLEP) Lock-Up Period Set To End on October 28th

Quantum Leap Acquisition’s (NYSE:QLEP) lock-up period is set to end on Wednesday, October 28th. Quantum Leap Acquisition had issued 20,000,000 shares in its IPO on May 1st. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

A number of brokerages have weighed in on QLEP. Weiss Ratings began coverage on Quantum Leap Acquisition in a research note on Wednesday, September 16th. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded shares of Quantum Leap Acquisition to a “hold” rating in a research report on Saturday, June 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Quantum Leap Acquisition Stock Performance

NYSE QLEP opened at $10.07 on Friday. Quantum Leap Acquisition has a 52-week low of $9.93 and a 52-week high of $10.10. The business’s 50-day moving average is $10.03.

Institutional Trading of Quantum Leap Acquisition

A hedge fund recently bought a new stake in Quantum Leap Acquisition stock. Lineage Point Capital LP bought a new stake in Quantum Leap Acquisition Corp (NYSE:QLEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition comprises 1.3% of Lineage Point Capital LP’s investment portfolio, making the stock its 13th biggest position. Lineage Point Capital LP owned 2.75% of Quantum Leap Acquisition at the end of the most recent reporting period.

Quantum Leap Acquisition Company Profile

Quantum Leap Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Quantum Leap Acquisition Corp. is based in Menlo Park, California.