Averin Capital Acquisition Corp.’s (NASDAQ:ACAA) Lock-Up Period Will Expire on August 18th

Averin Capital Acquisition’s (NASDAQ:ACAA) lock-up period will expire on Tuesday, August 18th. Averin Capital Acquisition had issued 25,000,000 shares in its initial public offering on February 19th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. After the expiration of Averin Capital Acquisition’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

Separately, Weiss Ratings assumed coverage on shares of Averin Capital Acquisition in a research note on Tuesday. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Averin Capital Acquisition Stock Down 0.0%

Shares of ACAA opened at $10.01 on Friday. The company’s fifty day moving average is $10.01. Averin Capital Acquisition has a 1-year low of $9.56 and a 1-year high of $10.23.

Averin Capital Acquisition Company Profile

Averin Capital Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.