Praetorian Acquisition’s (NASDAQ:PTOR – Get Free Report) lock-up period will expire on Wednesday, July 22nd. Praetorian Acquisition had issued 22,000,000 shares in its IPO on January 23rd. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the end of Praetorian Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on Praetorian Acquisition in a research report on Tuesday, June 9th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on Praetorian Acquisition
Praetorian Acquisition Trading Down 0.2%
About Praetorian Acquisition
Praetorian Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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