Churchill Capital Corp XII’s (NASDAQ:CXII) Lock-Up Period Set To Expire on October 26th

Churchill Capital Corp XII’s (NASDAQ:CXII) lock-up period will expire on Monday, October 26th. Churchill Capital Corp XII had issued 36,000,000 shares in its public offering on April 28th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. After the end of Churchill Capital Corp XII’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CXII. Weiss Ratings assumed coverage on Churchill Capital Corp XII in a research report on Friday, September 11th. They issued a “sell (e)” rating for the company. Wall Street Zen raised Churchill Capital Corp XII to a “hold” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Churchill Capital Corp XII Trading Down 0.0%

Shares of CXII opened at $10.35 on Wednesday. Churchill Capital Corp XII has a 52-week low of $10.05 and a 52-week high of $10.99. The firm has a 50 day simple moving average of $10.71.

About Churchill Capital Corp XII

Churchill Capital Corp XII (NASDAQ: CXII) is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Churchill Capital Corp XII does not operate a conventional business and does not currently offer products or services to customers. Its activities are generally limited to evaluating potential business-combination opportunities, completing its initial public offering and managing funds held in trust until a transaction is completed or the company is dissolved.

The company has not established an operating geographic footprint or commercial customer base.