Berto Acquisition Corp. II’s (NASDAQ:GUAC – Get Free Report) lock-up period will end on Wednesday, November 11th. Berto Acquisition Corp. II had issued 27,400,000 shares in its IPO on May 15th. The total size of the offering was $274,000,000 based on an initial share price of $10.00. After the expiration of Berto Acquisition Corp. II’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on Berto Acquisition Corp. II in a report on Monday, September 28th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Read Our Latest Report on Berto Acquisition Corp. II
Berto Acquisition Corp. II Stock Down 0.2%
Shares of NASDAQ GUAC opened at $9.88 on Tuesday. Berto Acquisition Corp. II has a 12 month low of $9.87 and a 12 month high of $10.05. The company’s 50 day simple moving average is $9.91.
About Berto Acquisition Corp. II
Berto Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company does not currently operate a conventional business or offer products and services of its own.
Its proposed transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination with one or more businesses. Until a transaction is completed, Berto Acquisition Corp.
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