KPET Ultra Paceline Corporation’s (NYSE:KPET) Lock-Up Period Set To Expire on September 28th

KPET Ultra Paceline’s (NYSE:KPET) lock-up period is set to expire on Monday, September 28th. KPET Ultra Paceline had issued 20,000,000 shares in its initial public offering on March 31st. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of KPET Ultra Paceline in a report on Monday, August 17th. 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, KPET Ultra Paceline currently has an average rating of “Sell”.

KPET Ultra Paceline Price Performance

NYSE KPET opened at $10.05 on Friday. KPET Ultra Paceline has a one year low of $9.91 and a one year high of $10.21. The stock has a 50-day simple moving average of $10.03. The company has a market cap of $291.38 million and a P/E ratio of 167.52.

KPET Ultra Paceline (NYSE:KPET) last posted its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter.

KPET Ultra Paceline Company Profile

KPET Ultra Paceline Corporation is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. KPET Ultra Paceline Corporation is based in New York.