SPACSphere Acquisition Corp.’s (NASDAQ:SSAC) Lock-Up Period Will End on August 5th

SPACSphere Acquisition’s (NASDAQ:SSACGet Free Report) lock-up period is set to expire on Wednesday, August 5th. SPACSphere Acquisition had issued 15,000,000 shares in its public offering on February 6th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of SPACSphere Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of SPACSphere Acquisition in a report on Friday, May 29th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, SPACSphere Acquisition presently has a consensus rating of “Sell”.

View Our Latest Research Report on SSAC

SPACSphere Acquisition Price Performance

SSAC opened at $10.04 on Friday. SPACSphere Acquisition has a fifty-two week low of $9.85 and a fifty-two week high of $10.05. The business’s 50-day moving average price is $9.99.

SPACSphere Acquisition Company Profile

(Get Free Report)

SPACSphere Acquisition Corp is a blank check company.

Further Reading

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