Abony Acquisition Corp. I’s (NASDAQ:AACO) Lock-Up Period Set To Expire on August 18th

Abony Acquisition Corp. I’s (NASDAQ:AACOGet Free Report) lock-up period is set to end on Tuesday, August 18th. Abony Acquisition Corp. I had issued 20,000,000 shares in its IPO on February 19th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Abony Acquisition Corp. I in a research report on Wednesday, July 8th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on AACO

Abony Acquisition Corp. I Stock Performance

Shares of NASDAQ AACO opened at $9.95 on Thursday. Abony Acquisition Corp. I has a 1-year low of $9.84 and a 1-year high of $9.99. The business’s 50 day moving average price is $9.93.

About Abony Acquisition Corp. I

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Abony 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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