Proem Acquisition Corp I’s (NASDAQ:PAAC – Get Free Report) lock-up period is set to end on Tuesday, August 11th. Proem Acquisition Corp I had issued 13,000,000 shares in its IPO on February 12th. The total size of the offering was $130,000,000 based on an initial share price of $10.00. After the expiration of Proem Acquisition Corp I’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings started coverage on shares of Proem Acquisition Corp I in a report on Tuesday, June 30th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on PAAC
Proem Acquisition Corp I Stock Performance
Proem Acquisition Corp I Company Profile
Proem Acquisition Corp I 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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