White Pearl Acquisition Corp.’s Lock-Up Period Set To End Tomorrow (NYSE:WPAC)

by · The Cerbat Gem

White Pearl Acquisition’s (NYSE:WPAC – Get Free Report) lock-up period will end on Monday, August 3rd. White Pearl Acquisition had issued 10,000,000 shares in its IPO on February 2nd. 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 major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on White Pearl Acquisition in a research report on Monday, June 1st. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, White Pearl Acquisition has an average rating of “Sell”.

Get Our Latest Report on WPAC

White Pearl Acquisition Stock Performance

Shares of WPAC stock opened at $9.98 on Friday. White Pearl Acquisition has a twelve month low of $9.82 and a twelve month high of $11.89. The firm’s 50-day moving average price is $10.04.

About White Pearl Acquisition

(Get Free Report)

White Pearl 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.

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