GalaxyEdge Acquisition Corporation’s Lock-Up Period Set To End Tomorrow (NYSE:GLED)

GalaxyEdge Acquisition’s (NYSE:GLED) lock-up period will end on Monday, August 31st. GalaxyEdge Acquisition had issued 10,000,000 shares in its IPO on March 4th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on GalaxyEdge Acquisition in a report on Tuesday, August 18th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

GalaxyEdge Acquisition Price Performance

NYSE:GLED opened at $10.02 on Friday. The stock’s 50-day simple moving average is $9.97. GalaxyEdge Acquisition has a 12-month low of $9.87 and a 12-month high of $10.06.

GalaxyEdge Acquisition Company Profile

GalaxyEdge Acquisition Corp is a newly organized blank check company. The company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.