Apogee Acquisition Corp’s (NASDAQ:AACP) Lock-Up Period To Expire on October 5th

Apogee Acquisition’s (NASDAQ:AACP) lock-up period will end on Monday, October 5th. Apogee Acquisition had issued 15,000,000 shares in its public offering on April 7th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Apogee Acquisition in a research report on Tuesday, August 25th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, Apogee Acquisition presently has a consensus rating of “Sell”.

Apogee Acquisition Stock Performance

NASDAQ AACP opened at $10.08 on Friday. The company has a fifty day simple moving average of $10.05. Apogee Acquisition has a one year low of $9.93 and a one year high of $10.10.

About Apogee Acquisition

Apogee Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACP. The company was formed to identify and complete a business combination, such as a merger, stock exchange, or acquisition, with an operating business.

Unlike an operating company, Apogee Acquisition does not appear to offer products or services of its own. Its activities are primarily focused on raising capital through its public offering, evaluating potential acquisition targets, and pursuing a transaction intended to create a publicly traded operating company.

Specific information about Apogee Acquisition’s target industry, geographic operations, completed transactions, and leadership is limited in the available public information.