Plutonian Acquisition Corp II’s Lock-Up Period To End Tomorrow (NYSE:PLUN)

Plutonian Acquisition Corp II’s (NYSE:PLUN) lock-up period is set to expire on Monday, October 26th. Plutonian Acquisition Corp II had issued 10,000,000 shares in its IPO on April 28th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLUN. Weiss Ratings initiated coverage on Plutonian Acquisition Corp II in a research report on Monday, September 14th. They set a “sell (e)” rating for the company. Wall Street Zen upgraded Plutonian Acquisition Corp II to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Plutonian Acquisition Corp II Price Performance

Shares of Plutonian Acquisition Corp II stock opened at $10.13 on Friday. The stock has a 50-day moving average price of $10.07. Plutonian Acquisition Corp II has a fifty-two week low of $9.94 and a fifty-two week high of $10.16.

About Plutonian Acquisition Corp II

Plutonian Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses or entities. The company does not currently operate a commercial business or offer products and services to customers.

Its proposed transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination. Until a transaction is completed, Plutonian Acquisition Corp.