Space Asset Acquisition Corp.’s Lock-Up Period To End on July 27th (NASDAQ:SAAQ)

Space Asset Acquisition’s (NASDAQ:SAAQ – Get Free Report) lock-up period is set to expire on Monday, July 27th. Space Asset Acquisition had issued 20,000,000 shares in its initial public offering on January 28th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of Space Asset Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Space Asset Acquisition in a report on Monday, June 15th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Space Asset Acquisition currently has a consensus rating of “Sell”.

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Space Asset Acquisition Stock Performance

Shares of SAAQ stock opened at $10.21 on Wednesday. Space Asset Acquisition has a one year low of $9.88 and a one year high of $11.10. The company’s fifty day moving average price is $10.32.

Space Asset Acquisition Company Profile

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Space Asset Acquisition Corp is a blank check company.

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