QDRO Acquisition’s (NASDAQ:QADR – Get Free Report) lock-up period will end on Wednesday, September 23rd. QDRO Acquisition had issued 20,000,000 shares in its initial public offering on March 27th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Analysts Set New Price Targets
Separately, Weiss Ratings initiated coverage on shares of QDRO Acquisition in a report on Tuesday, August 18th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, QDRO Acquisition currently has a consensus rating of “Sell”.
Read Our Latest Report on QADR
QDRO Acquisition Price Performance
About QDRO Acquisition
QDRO Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.
Unlike an operating company, QDRO Acquisition Corp. does not appear to have an established portfolio of products or services, manufacturing operations or customer-facing business activities.
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