American Exceptionalism Acquisition Corp.’s (NYSE:AEXA) Lock-Up Period Set To Expire on March 25th

American Exceptionalism Acquisition’s (NYSE:AEXA) lock-up period is set to expire on Wednesday, March 25th. American Exceptionalism Acquisition had issued 30,000,000 shares in its initial public offering on September 26th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of American Exceptionalism Acquisition in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

American Exceptionalism Acquisition Trading Down 0.4%

NYSE AEXA opened at $11.10 on Friday. The company has a 50-day simple moving average of $11.39. American Exceptionalism Acquisition has a twelve month low of $10.49 and a twelve month high of $11.91.

Institutional Trading of American Exceptionalism Acquisition

Hedge funds have recently made changes to their positions in the business. Moore Capital Management LP boosted its stake in shares of American Exceptionalism Acquisition by 9.1% during the 4th quarter. Moore Capital Management LP now owns 1,200,000 shares of the company’s stock worth $13,668,000 after acquiring an additional 100,000 shares during the period. Alberta Investment Management Corp bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at $12,023,000. Magnetar Financial LLC acquired a new stake in American Exceptionalism Acquisition during the 3rd quarter valued at $12,023,000. Boothbay Fund Management LLC bought a new position in American Exceptionalism Acquisition during the third quarter worth $11,941,000. Finally, Polar Asset Management Partners Inc. bought a new position in American Exceptionalism Acquisition during the third quarter worth $10,930,000.

About American Exceptionalism Acquisition

We are led by Chamath Palihapitiya, the founder and Managing Partner of Social Capital. Like Social Capital, the company is formed to confront the world’s hardest problems. Although these problems have evolved over the past decade, our approach remains the same—with a dedication to first principles thinking, deep technological understanding and a willingness to be contrarian to consensus. — We intend to find companies that operate in sectors that we believe will be instrumental in maintaining U.S.