Amanat Acquisition Corp.’s (NASDAQ:AMAN) Lock-Up Period To End Tomorrow

Amanat Acquisition’s (NASDAQ:AMAN) lock-up period is set to end on Monday, November 16th. Amanat Acquisition had issued 7,500,000 shares in its IPO on May 19th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of Amanat Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Amanat Acquisition in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Amanat Acquisition Stock Performance

AMAN stock opened at $10.12 on Friday. The stock has a fifty day simple moving average of $10.40. Amanat Acquisition has a twelve month low of $9.98 and a twelve month high of $10.79.

Amanat Acquisition (NASDAQ:AMAN) last released its earnings results on Friday, November 13th. The company reported ($0.15) earnings per share for the quarter.

About Amanat Acquisition

Amanat Acquisition Corp. was a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition or similar business combination. It did not have operating products or services of its own. The company sought a business combination with a target in the Middle East and North Africa, with an investment focus that included sectors such as healthcare and education. Its role was to identify and complete a transaction with a suitable business.